State Street Corporation Announces Issuance of Preferred Stock
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State Street Corporation has issued $750 million in depositary shares, each representing a 1/100th interest in its 6.450% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series K. This move is part of their strategy to access a broad investor base.
February 06, 2025 | 11:15 pm
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State Street Corporation has issued $750 million in depositary shares for its Series K Preferred Stock, aiming to broaden its investor base.
The issuance of $750 million in preferred stock indicates a strategic move by State Street to strengthen its capital base and attract a diverse range of investors. This could be seen positively by the market as it reflects the company's proactive capital management and potential for growth.
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