UMB Financial Corporation announced on June 12, 2025, its decision to redeem all outstanding shares of its 7.00% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. All 11,500 outstanding shares will be redeemed.
The redemption price is $10,000 per share of preferred stock. The redemption will occur on the dividend payment date of July 15, 2025. This move indicates a strategic adjustment to the company's capital structure.
This full redemption suggests UMBF is optimizing its funding profile, potentially by refinancing at more favorable terms or simplifying its outstanding preferred equity. This action can lead to a more efficient capital structure for the company.
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