Rhea-AI Summary
Santander Holdings USA (SAN) will redeem all Series I preferred-related depositary shares on October 15, 2026 at $25 per Depositary Share.
The redemption covers 135,000 shares of Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I and 5,400,000 NYSE: SNUS PF I depositary shares, each representing a 1/40th interest in a preferred share. The regular quarterly dividend has been declared and will be paid separately on October 15, 2026 to holders of record as of September 30, 2026. The book-entry Depositary Shares held through DTC will be redeemed under DTC procedures, with payment to DTC made by Broadridge Corporate Issuer Solutions as redemption agent.
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