Equitable Holdings, Inc. announced on September 15, 2025, that it will redeem all outstanding shares of its Series B Depositary Shares on September 30, 2025. The redemption price is $1,000 per Series B Depositary Share, plus declared and unpaid dividends from June 15, 2025, to September 30, 2025.
This full redemption follows a previously announced tender offer for these shares, indicating the successful execution of the company's capital management strategy. The Series B Depositary Shares represent a 1/25th interest in a share of its 4.950% Fixed Rate Reset Noncumulative Perpetual Preferred Stock, Series B.
The redemption will be processed through The Depository Trust Company (DTC), with payment made by Computershare Trust Company, N.A., as the redemption agent. This action streamlines Equitable Holdings' capital structure and reduces its preferred stock obligations, enhancing financial flexibility.
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