KeyCorp (NYSE: KEY) has given notice to redeem all 20,000,000 Series E preferred depositary shares on December 15, 2026. The shares represent 500,000 preferred shares with an aggregate liquidation preference of $500,000,000. The cash redemption price is $25.3828125 per depositary share, including accumulated and unpaid dividends and distributions through redemption. Upon redemption, the preferred stock will cease to be outstanding and will be delisted from the New York Stock Exchange.
Spire (NYSE: SR) will redeem all 10,000 outstanding shares of its 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock (SR.PRA) on February 13, 2026. Redemption price equals $25.00 per Depositary Share plus accrued dividends; the declared quarterly dividend of $0.36875 per Depositary Share will be paid on February 17, 2026 to holders of record as of January 26, 2026. Payment is made in two parts: base redemption on the Redemption Date and the declared dividend on February 17, 2026, after which the company has no further obligations on the redeemed shares.
Spire (NYSE: SR) notified holders it will redeem all 10,000 outstanding 5.90% Series A cumulative perpetual preferred shares and related depositary shares effective February 13, 2026. Depositary Shares will receive a Redemption Price of $25.36056 per Depositary Share, inclusive of accumulated dividends through but not including the Redemption Date.
The Series A preferred will cease accruing dividends immediately prior to redemption and will be delisted from the New York Stock Exchange upon redemption.
Rithm Property Trust (NYSE:RPT) disclosed the tax characterization of its 2025 distributions. Common stock taxable dividends totaled approximately $1.32847 per share for 2025, paid as four quarterly cash distributions of $0.36000 each. Series C preferred taxable dividends totaled approximately $1.72813 per share in 2025 across three cash payments.
The tables show breakdowns by quarter into ordinary dividend, Section 199A, long-term capital gain, and return of capital components. Investors should consult tax advisors for individual tax treatment.
Banc of California, Inc. (NYSE: BANC) will redeem its outstanding 7.00% Non-Cumulative Perpetual Preferred Stock, Series E, on March 15, 2022, at a price of $1,000 per share. Concurrently, the Board declared a quarterly cash dividend of $0.06 per share on common stock and $0.4375 per Series E Depositary Share, payable on April 1, 2022, and March 15, 2022, respectively. The Series E Depositary Shares will be delisted following the redemption. Banc of California holds $9.4 billion in assets as of December 31, 2021.
U.S. Bancorp announced the redemption of all outstanding Series F Non-Cumulative Perpetual Preferred Stock on January 15, 2022. The Series F Preferred Stock will be redeemed at a price of $25,000 per share, with the redemption price excluding any quarterly dividends that may be declared. Dividends will stop accruing on the redemption date, and the Series F Depositary Shares will be delisted from the NYSE. The redemption will be managed by U.S. Bank National Association, the designated agent.