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Equitable Holdings 4.30% Dep Share Fix Rate Non-Cumul Perp Prfd Stock Ser C
Ticker Symbol: EQH-C CUSIP: 29452E408 Exchange: NYSE
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Equitable Holdings, Inc, 4.30% depositary shares, each representing a 1/1,000th interest in a share of 4.30% Non-Cumulative Preferred Stock, Series C, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 03/15/2026 at $25 per depositary share plus declared and unpaid dividends, and with no stated maturity. Non-Cumulative distributions of 4.30% per annum ($1.075 per annum or $0.26875 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). 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-31 of the prospectus for further information). The Company may redeem the Depositary Shares before 03/15/2026 at $25 per depositary share plus declared and unpaid interest, if a regulatory capital event occurs; before 03/15/2026 at $25.50 per depositary share plus declared and unpaid interest if a rating agency event occurs. (see prospectus for further information). This security was rated Ba1 by Moody’s and BBB- 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.
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Go to Parent Company's Record (EQH)
IPO - 1/5/2021 - 12.00 Million Shares @ $25/share.
Link to IPO Prospectus
Previous Ticker Symbol: EQHIL Changed: 1/13/2021
Market Value $ Million
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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: 1290 Avenue of the Americas, New York, NY 10104 |
| Main Phone Number |
212-554-1234 |
| Fax Number |
Not Available |
| Investor Relations
Jessica Baehr
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212-314-2476
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| CEO - Mark Pearson |
CFO - Robin M. Raju |
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