First Horizon (NYSE: FHN) delists Series C depositary shares from NYSE
Filing Impact
Filing Sentiment
Form Type
25-NSE
Rhea-AI Filing Summary
First Horizon Corp notified the New York Stock Exchange of the removal from listing and registration of its Depositary Shares, each representing a 1/400th interest in a share of Non‑Cumulative Perpetual Preferred Stock, Series C.
The exchange states it complied with 17 CFR 240.12d2-2 and First Horizon complied with the exchange's rules governing voluntary withdrawal.
Positive
- None.
Negative
- None.
Key Figures
Commission file number: 001-15185
Governing rule cited: 17 CFR 240.12d2-2 (a)(1)-(a)(4)
Security description: Depositary Shares, 1/400th interest
+2 more
5 metrics
Commission file number
001-15185
Form 25 cover referencing issuer record
Governing rule cited
17 CFR 240.12d2-2 (a)(1)-(a)(4)
Exchange compliance statement
Security description
Depositary Shares, 1/400th interest
Each depositary share represents a 1/400th interest in Series C preferred
Address
165 Madison Avenue, Memphis, TENNESSEE 38103
Issuer principal executive offices
Expires
March 31, 2018
Header expiration date on form
Key Terms
Form 25, Depositary Shares, 17 CFR 240.12d2-2
3 terms
Form 25 regulatory
"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING"
A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.
17 CFR 240.12d2-2 regulatory
"Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied"
A U.S. Securities and Exchange Commission rule that describes the conditions and procedural steps for a security to be removed from public registration or reporting under the Securities Exchange Act of 1934. For investors, it matters because it explains when a company’s shares can stop being subject to regular disclosure and exchange listing rules — similar to knowing when a publicly tracked product will be discontinued and no longer send updates, which affects transparency and liquidity.
FAQ
What did First Horizon (FHN) file with the SEC?
First Horizon filed a Form 25 notifying the NYSE of the removal from listing and registration of its Series C depositary shares. The filing states the Exchange and the issuer complied with 17 CFR 240.12d2-2 governing voluntary withdrawal.
Which class of securities is being removed for First Horizon?
Depositary Shares representing a 1/400th interest in Series C preferred stock are the class being withdrawn. The filing describes the class as "Depositary Shares, each representing a 1/400th interest" in Non‑Cumulative Perpetual Preferred Stock, Series C.
Who certified compliance for the delisting action?
New York Stock Exchange LLC certified that it complied with the applicable rules under 17 CFR 240.12d2-2. The filing also states the issuer complied with the exchange's rules governing voluntary withdrawal of the class.
What regulatory provision governs this removal?
The delisting references 17 CFR 240.12d2-2, which sets procedures for removal from listing and/or registration under Section 12(b) of the Exchange Act. The filing cites compliance with subsections (a)(1)–(a)(4) under that rule.
Does the Form 25 state who signed the notification?
The Form 25 was signed on behalf of the NYSE by Victoria Paper, Manager, Market Watch, certifying reasonable grounds to file and that the exchange complied with the rule cited in the notification.