CCNEP CNB Financial ADRs of 7.125% Series A Fixed- Rate Non-Cumulative Preferred

We will pay dividends on the Preferred Stock, when, as, and if declared by our board of directors or a duly authorized committee of our board of directors, to the extent that we have lawfully available funds to pay dividends. From the issue date, dividends on the Preferred Stock will accrue on a non-cumulative basis at a rate of 7.125% per annum on the liquidation preference of $25 per share, payable quarterly, in arrears, on the 1st day of each of March, June, September and December, commencing on December 1, 2020. We may redeem the Preferred Stock at our option, (i) in whole or in part, from time to time, on any dividend payment date on or after September 1, 2025 at a redemption price equal to $25 per depositary share, plus any declared and unpaid dividends, without accumulation of any undeclared and unpaid dividends, to, but excluding, the redemption date.  This security was issued by CNB Financial Corp, whose common stock symbol is CCNE.

$25.47
As of 06/30/2022     IEX book   CBOE book


Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Banks-Regional
Index country:  USA
Country of incorporation:  USA
IPO date:  09/02/2020
Outstanding shares:  2,100,000
Average volume:  1,428
Market cap:   $53,487,000
Current dividend yield:  6.99%    calculation
Coupon rate:    7.125%
Cumulative:    No
Liquidation value:   $25.00
Callable after:   09/01/2025
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      

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