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Santander Holdings USA, 7.30% Dep Shares Series C Non-cumul Perp Preferred Stock
Ticker Symbol: SOV-C*     CUSIP: 845905405     Exchange: NYSE
Security Type:   Traditional Preferred Stock
* NOTE: This security is no longer trading as of 8/15/2018

Security has been Called for:  Wednesday, August 15, 2018

July 2, 2018 -- Santander Holdings USA, Inc. (SHUSA), parent company of Santander Bank, N.A., announced today that its Board of Directors declared a dividend on SHUSA's Series C Non-Cumulative Perpetual Preferred Stock (NYSE: SOVPRC). Also, today SHUSA announced that its Board of Directors approved the redemption of all outstanding shares of the Series C Preferred Stock, and all outstanding shares of the related depositary shares, each representing a 1/1000th ownership interest in a share of Series C Preferred Stock. A dividend payment of $0.45625 per Depositary Share is payable on August 15, 2018 to holders of record on August 1, 2018. The Series C Preferred Stock will be redeemed on August 15, 2018. The redemption price will be $25.00 per Depositary Share, equivalent to $25,000.00 per share of Series C Preferred Stock. Thereafter, the Series C Preferred Stock and the related Depositary Shares will no longer be deemed outstanding, and the only remaining right of the holders will be to receive payment of the respective redemption amount, without interest. ____________ For information on the tender offer for these securities, see the form 424B2 filed with the SEC on 8/25/2009. ____________ January 28, 2009 -- Sovereign Bancorp, Inc. (NYSE: SOV) announced that shareholders at a special meeting held today voted to approve the transaction by which Banco Santander will acquire all of the outstanding Sovereign common stock not currently owned by Banco Santander. Ninety-six percent of Sovereign's shareholders who voted were in favor of the transaction. The results of the Sovereign shareholder vote were certified by IVS Associates. The Sovereign shareholder approval comes two days after Banco Santander shareholders approved a capital increase to finance the acquisition. Under the terms of the definitive transaction agreement, Sovereign shareholders will receive 0.3206 Banco Santander American Depository Shares (ADSs), or upon election Banco Santander ordinary shares (subject to Banco Santander’s right to invalidate any such election) for every 1 share of Sovereign common stock they own (or 1 Banco Santander ADS for 3.42 Sovereign shares). The affirmative shareholder vote satisfies one of the last conditions to the closing of the transaction. Sovereign and Santander expect to close the transaction on Friday, January 30.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Santander Holdings USA Inc., formerly the Sovereign Bancorp, Depositary Shares representing a 1/1000 interest in a share of Series C Non-cumulative Perpetual Preferred Stock, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 5/15/2011 at $25 per depositary share plus declared and unpaid dividends, with no stated maturity, and with non-cumulative distributions of 7.30% ($1.825) per annum paid quarterly on 2/15, 5/15, 8/15 & 11/15 to holders of record on the first day of the month in which the payment is due or on the 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). 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. 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.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NYSE
Chart
7.30%
$1.825
$25.00
$25.00
Called for
8/15/2018

None
Ba2 BB
2/19/2016
2/15, 5/15, 8/15 & 11/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
YES

Go to Parent Company's Record (SAN)

IPO - 4/28/2006 - 8.00 Million Shares @ $25.00/share.    Link to IPO Prospectus
Previous Ticker Symbol: SOVJP    Changed: 5/09/2006
Previous Name: Sovereign Bancorp, 7.30% Dep Shares Series C Non-cumul Perp Preferred Stock    Changed: 2/23/2010
Market Value $200.0 Million

Company's Online Information Links
HOME PAGE:     http://www.gruposantander.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Email Address investor@gruposantander.com
Email Contact Form on Website Go to Email Form

Foreign Address and Phone Numbers
Address:   Ciudad Grupo Santander. Av. De Cantabria s/n, Edificio Pereda, 1ª planta.
Main Phone Number +34-91-259-6520
Fax Number +34-91-558-14-53
Inv Rel Phone Number +34 91 259 65 14

Address and Phone Numbers
U.S. Representative Banco Santander New York
Address:   45 East 53rd Street, Floors 9&10, New York, NY 10022
Main Phone Number 212-350-3500
Fax Number 212-350-3535
Investor Contact   Jaime Cano 212-350-3903
Toll Free Phone Number Unknown

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