August 07, 2024 -- Regions Financial Corporation (NYSE:RF) today announced the redemption on Sept. 16, 2024 (the “Redemption Date”) of 20,000,000 depositary shares (NYSE: RFPrB; CUSIP: 7591EP 506; ISIN: US7591EP5063) (the “Depositary Shares”) representing interests in Regions’ 6.375% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred Stock”). June 09, 2023 -- Regions Financial Corporation (NYSE: RF) (“Regions”) on Friday announced that, after June 30, 2023, the replacement reference rate for certain fixed-to-floating rate preferred stock issued by Regions that uses U.S. dollar LIBOR (“LIBOR”) as the reference rate will be CME Term SOFR in the same tenor (the “CME Term SOFR Rate”). The securities or instruments (referred to collectively herein as “Instruments”) addressed in this announcement are governed by U.S. law or the laws of a U.S. State. The calculation of the amount of interest or dividends payable on the above Instruments for interest or dividend periods with reference to a LIBOR rate published after June 30, 2023, will also include the applicable tenor spread adjustment of 0.26161% per annum.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Regions Financial Corp., 6.375% Depositary shares each representing a 1/40th interest in a share of 6.375% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 9/15/2024 at $25 per depositary share plus declared and unpaid dividends, and with no stated maturity. Non-Cumulative distributions of 6.375% per annum ($1.59375 per annum or $0.3984375 per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date that will be the 15th calendar day prior to the payment date or on the record date fixed by the board, not more than 60 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). After 9/15/2024 the non-cumulative distributions will be paid at a floating rate equal to the three-month LIBOR 3-month CME Term SOFR rate plus a spread adjustment of 0.26161% plus 3.536%. The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page S-36 of the prospectus for further information). This security is possibly subject to an early call as a result of the occurrence of a regulatory capital treatment event which no longer allows the company to include the funds originating from this security as Tier 1 capital on their balance sheet (see the prospectus for further information). This security was rated as B1 by Moody’s and BB by S&P at the date of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	FixFloat $1.59	$25.00 $25.00	Called for 9/16/2024 None	Baa3 BB+ 4/09/2023	3/15, 6/15, 9/15 & 12/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	YES

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HOME PAGE:     https://www.regions.com/
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Address and Phone Numbers

Address:   1900 Fifth Avenue North, Birmingham, AL 35203
Main Phone Number	205-944-1300
Fax Number	205-326-7756
Investor Relations   Dana Nolan	205-264-7040
Toll Free Phone Number	800-734-4667

CEO - John M. Turner, Jr.

CFO - David J. Turner, Jr.