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Buy (3.00 out of 4)
100th percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Tuesday, April 23, 11:09 AM
Slide #172. Stifel Financial Corp. — Preferred Stock Offering
| Company: |
Stifel Financial Corp. (NYSE:SF) |
| Date announced: |
2/21/2019 |
| Shares Offered: |
6,000,000 |
| Date of Pricing: |
2/21/2019 |
| Price Per Share: |
$25.00 |
| Preferred Stock Offering Details: |
Stifel Financial Corp. (NYSE: SF) today announced it has priced an underwritten registered public offering of 6,000,000 depositary shares ($150 million of aggregate public offering price), each representing a 1/1000th interest in a share of perpetual 6.25% Non-Cumulative Perpetual Preferred Stock, Series B, $1.00 par value, with a liquidation preference of $25,000 per share (equivalent to $25 liquidation preference per depositary share). When, as, and if declared by the board of directors of the Company, dividends will be payable at an annual rate of 6.25%, payable quarterly, in arrears. The Company may redeem the Series B preferred stock at its option, subject to regulatory approval, on or after March 15, 2024 or following a regulatory capital treatment event as described in the prospectus supplement and accompanying prospectus relating to the offering. The Series B preferred stock will rank equally with the Company's outstanding perpetual 6.25% Non-Cumulative Preferred Stock, Series A with respect to the payment of dividends and the distribution of assets upon voluntary or involuntary liquidation, dissolution or winding up of the Company's affairs. |
Stifel Financial is a financial holding company. Through its subsidiaries, Co. is engaged in retail brokerage; securities trading; investment banking; investment advisory; retail, consumer, and commercial banking; and related financial services. Co.'s segments are: Global Wealth Management, which provides securities transaction, brokerage, and investment services to its clients through the consolidated Stifel branch system; Institutional Group, which includes research, equity and fixed income institutional sales and trading, investment banking, public finance, and syndicate; and Other, which includes interest income from stock borrow activities and processing of securities transactions. Preferreds: SF.PRA, SF.PRB, SF.PRC, SF.PRD
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| Name: |
Stifel Financial Corp |
| Website: |
www.stifel.com |
| Sector: |
Investment Brokerages |
| Number of ETFs Holding SF: |
69 (see which ones) |
| Total Market Value Held by ETFs: |
$1,313,801,395.45 |
| Total Market Capitalization: |
$768,000,000 |
| % of Market Cap. Held by ETFs: |
171.07% |
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