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Zions Bancorporation, Floating Rate Series A Non-cumul Perp Preferred Stock
Ticker Symbol: ZIONP CUSIP: 98973A104 Exchange: NGS
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Zions Bancorporation, Depositary Shares each representing 1/40 of a share of the Floating Rate Series A Non-cumulative Perpetual Preferred Stock, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 12/15/2011 at $25 per depositary share plus declared and unpaid dividends, and with no stated maturity. Non-cumulative floating rate distributions are paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on 3/1, 6/1, 9/1 & 12/1 respectively (NOTE: the ex-dividend date is one business day prior to the record date). The floating rate distributions will be the greater of the Three-Month LIBOR Three Month Term SOFR plus 0.26161% plus 0.520% or $4.00%. 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-23 of the prospectus for further information). In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds 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.
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Go to Parent Company's Record (ZION)
Notes: The annual dividend after June 30, 2023 is the greater of SOFR + 0.26161% + 0.52% OR 4.000%, paid quarterly when, as, and if declared by Zions’ board of directors.
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IPO - 12/6/2006 - 9.60 Million Shares @ $25.00 /share.
Link to IPO Prospectus
Previous Ticker Symbol: ZB-A Changed: 1/02/2020
Market Value $ Million
Click for current ZIONP price quote from the NASDAQ
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: One South Main, 15th Floor, Salt Lake City, UT 84133 |
| Main Phone Number |
801-844-8208 |
| Fax Number |
801-524-4659 |
| Investor Relations
James Abbott
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801-844-7637
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Toll Free Phone Number |
Unknown |
| CEO - Harris H. Simmons |
CFO - Paul E. Burdiss |
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