trending Market Intelligence /marketintelligence/en/news-insights/trending/p0SPxCFCDQgnfT5zT1d8Ng2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

JPMorgan to redeem preferred shares

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

JPMorgan to redeem preferred shares

JPMorgan Chase & Co. will redeem on Sept. 1 all 88,000 outstanding shares of its 6.30% noncumulative series W preferred stock.

The preferred shares are represented by 35.2 million depositary shares, which are currently traded on the NYSE under the symbol JPM PR E. Each depositary share represents a 0.0025 interest in a share of series W preferred stock.

The redemption price per series W preferred share will be $10,000, which is equivalent to $25.00 per depositary share.

Payment of the redemption price will be made on Sept. 3, the first business day after the redemption date, upon presentation and surrender of the depositary receipts evidencing the depositary shares to be redeemed to Computershare Inc., as depositary. Depositary shares held in book-entry form will be surrendered in accordance with applicable procedures of The Depository Trust Co.

Sept. 1 is also the final dividend payment date for the series W preferred stock and the depositary shares. The record date for the dividend is Aug. 2. Payment of the final dividend will also be made on Sept. 3.