Market Overview

Regions Considers Preferred Stock Offering

If market conditions are favorable, Regions Financial Corp. (NYSE: RF)
expects to consider commencing an underwritten public offering of
preferred stock in the near future. If commenced, the proceeds from this
issuance will be used for general corporate purposes, which may include
redeeming certain higher coupon trust preferred securities.

See full press release

Posted-In: News Guidance Management Global

 

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