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The news associated with the ticker suffix PRB focuses on corporate actions and financing decisions involving Series B preferred stock depositary shares issued by several public companies. In the available materials, PRB appears in relation to First Horizon Corporation (FHN PRB), Global Net Lease, Inc. (GNL PRB), and Boston Properties, Inc. (BXP PRB), each using PRB to identify a specific Series B preferred stock security.
For First Horizon Corporation, news coverage includes an announcement that the company would redeem all outstanding shares of its 6.625% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series B, and the related depositary shares trading as NYSE: FHN PRB. This type of update is important to holders of those preferred securities because it outlines the redemption terms and confirms that no Series B Preferred Stock or Series B Depositary Shares will remain outstanding after the stated redemption date.
Global Net Lease, Inc. references GNL PRB in communications about its capital structure. One release discusses an indicative commitment for an expansion of its credit facility in connection with a proposed merger and internalization of management. In that context, GNL PRB is mentioned alongside other listed securities as part of the company’s broader financing arrangements.
Boston Properties, Inc. provides another example, reporting that it redeemed all outstanding shares of its 5.25% Series B Cumulative Redeemable Preferred Stock and the corresponding depositary shares that traded as NYSE: BXP PRB. News for this security centers on tax treatment of distributions and the full redemption of the preferred series.
Investors following PRB-related news can expect items about preferred stock redemptions, distribution tax character, and capital structure transactions disclosed by the issuing companies.
First Horizon Corporation (NYSE: FHN) has announced the redemption of all outstanding shares of its 6.625% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series B and corresponding depositary shares (NYSE: FHN PRB). The redemption is scheduled for August 1, 2025, with a redemption price of $25.00 per Series B Depositary Share ($10,000 per Series B Preferred Stock share).
The regular Series B semi-annual dividend, previously declared in April, will be paid separately on August 1, 2025, to shareholders of record as of July 17, 2025. After the redemption, no Series B Preferred Stock or Series B Depositary Shares will remain outstanding.
Summary not available.
Boston Properties (NYSE: BXP) announced the 2021 tax treatment for distributions on its common stock and 5.25% Series B Cumulative Redeemable Preferred Stock. Shareholders should consult tax advisors regarding the specifics. Key distributions include a total of $0.980000 per share for common stocks, with allocations for different tax categories detailed. The company redeemed all outstanding shares of its Series B Preferred Stock on April 1, 2021. Boston Properties remains a significant player in the Class A office property market across major U.S. cities.