M&A - WINTRUST FINANCIAL CORP

Form Type: 8-K

Filing Date: 2025-06-13

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925059374

Filing Summary: On June 13, 2025, Wintrust Financial Corporation announced its intent to redeem its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D and Series E. The redemption will involve all of the 5,000,000 issued and outstanding shares of Series D Preferred Stock at a price of $25.00 per share, and all of the 11,500 issued and outstanding shares of Series E Preferred Stock alongside the related depositary shares at $25,000 per share or $25.00 per Depositary Share. These redemptions are set to occur on July 15, 2025 and will be financed using a portion of the proceeds from a recent public offering of depositary shares related to 7.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F, completed on May 22, 2025. Quarterly dividends for the Series D and E will also be issued to holders of record on July 1, 2025, on the same redemption date.