Morgan Stanley Announces Redemption in Whole of Series G Preferred Stock & Depositary Shares Representing Series G Preferred ...
November 25 2019 - 4:13PM
Business Wire
Morgan Stanley today announced that it will redeem in whole its
outstanding 6.625% Non-Cumulative Preferred Stock, Series G,
liquidation preference $25,000 per share (61762V408) (the “Series G
Preferred Stock”), and the depositary shares, each representing a
1/1,000th ownership interest in a share of Series G Preferred Stock
(CUSIP 61762V507; NYSE: MS PrG) (the “Series G Depositary Shares”),
on January 15, 2020 pursuant to the optional redemption provisions
provided in the documents governing such Series G Preferred Stock
and Series G Depositary Shares. The redemption price per Series G
Depositary Share will be $25. Such redemption price does not
include the dividend payment that, if declared, will be payable on
the redemption date in the ordinary course to holders of record on
the record date for such dividend payment.
Beginning on the redemption date, the Series G Depositary Shares
will no longer be deemed outstanding and dividends shall cease to
accrue on the Series G Depositary Shares.
The Series G Depositary Shares are held through The Depository
Trust Company (“DTC”) and will be redeemed in accordance with DTC
procedures.
The Bank of New York Mellon, 240 Greenwich Street, 7E, New York,
New York 10286, is the depositary and the redemption agent for the
Series G Depositary Shares.
This press release does not constitute a notice of redemption
under the certificate of designation governing the Series G
Preferred Stock or the deposit agreement governing the Series G
Depositary Shares.
Morgan Stanley (NYSE: MS) is a leading global financial services
firm providing investment banking, securities, wealth management
and investment management services. With offices in more than 41
countries, the Firm’s employees serve clients worldwide including
corporations, governments, institutions and individuals. For more
information about Morgan Stanley, please visit
www.morganstanley.com.
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