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Pinnacle Financial Partners, Inc. 6.75% Dep Shares Non-Cumul Prfd Stock Ser B
Ticker Symbol: PNFPP CUSIP: 72346Q302 Exchange: NGS
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Pinnacle Financial Partners, Inc. 6.75% Depositary Shares each representing a 1/40 interest in a share of the Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B, liquidation preference $25 per Depositary share, redeemable at the issuer's option on or after 9/1/2025 at $25 per Depositary share plus declared and unpaid dividends, and with no stated maturity. Non-cumulative distributions of 6.75% per annum ($1.6875 per annum or $0.421875 per quarter) will be paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on 15th calendar day before the dividend payment date or another record date fixed by the board, not more than 30 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). 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). 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 was not rated by Moody’s or S&P at the time of its IPO. This security was rated as BBB- by Kroll Bond Rating Agency, Inc. and BBB+ by Egan-Jones Rating Company at the at the time 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 (PNFP)
IPO - 5/27/2020 - 4.80 Million Shares @ $25/share.
Link to IPO Prospectus
Previous Ticker Symbol: PNFPB Changed: 6/04/2020
Market Value $ Million
Click for current PNFPP 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: 150 Third Avenue South, Suite 900, Nashville, TN 37201 |
| Main Phone Number |
615-744-3700 |
| Fax Number |
615-744-3861 |
| Investor Contact (CFO)
Harold Carpenter
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615-744-3742
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| Toll Free Phone Number |
866-404-6143 |
| CEO - M. Terry Turner |
CFO - Harold R. Carpenter |
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