FHN-C First Horizon National ADRs of 6.6% Fixed-To-Floating Non-Cumulative Preferred, Series C

Non-Cumulative distributions of 6.60% per annum ($1.65 per annum or $0.4125 per quarter) will be paid quarterly on 2/1, 5/1, 8/1 & 11/1. Redeemable at the issuer's option on or after 5/1/2026 at $25 per depositary share plus declared and unpaid dividends. From 5/1/2026, dividends will accumulate and be payable at a floating rate equal to three-month LIBOR plus 492 basis points, payable quarterly, in arrears, on 2/1, 5/1, 8/1 & 11/1 of each year, beginning on 5/1/2026.   This security was issued by First Horizon National Corp, whose common stock symbol is FHN.

$25.74  +0.06 (0.23%)
As of 06/29/2022 12:00:35 EST     IEX book   CBOE book

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Security Information

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Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Banks-Regional
Index country:  USA
Country of incorporation:  USA
IPO date:  07/02/2020
Outstanding shares:  2,300,000
Average volume:  2,391
Market cap:   $58,834,000
Current dividend yield:  6.45%    calculation
Initial coupon rate:    6.600%
Spread to LIBOR: 0.049200
Cumulative:    No
Liquidation value:   $25.00
Callable after:   05/01/2026
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: