Morgan Stanley Announces Redemption in Whole of Series J Preferred Stock and Depositary Shares Representing Series J Preferred Stock
Morgan Stanley today announced that it will redeem in whole its outstanding Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series J, liquidation preference
Beginning on the redemption date, the Series J Depositary Shares will no longer be deemed outstanding and dividends shall cease to accrue on the Series J Depositary Shares.
The Series J Depositary Shares are held through The Depository Trust Company (“DTC”) and will be redeemed in accordance with DTC procedures.
The Bank of New York Mellon, 240 Greenwich Street, 7E, New York, New York 10286, is the depositary and the redemption agent for the Series J Depositary Shares.
This press release does not constitute a notice of redemption under the certificate of designation governing the Series J Preferred Stock or the deposit agreement governing the Series J Depositary Shares.
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.
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