Pittsburgh, September 29, 2026 / PRNewswire / -- PNC Financial Services Group, Inc. ( NYSE : PNC ) Today, we announce that we will redeem $525 million in depositary shares ( CUSIP : 693,475 AQ8 ) on November 1, 2026 (hereinafter referred to as "depositary shares"). Since that day is not a business day, the redemption date will be postponed to November 2, 2026. The aforementioned depositary shares represent the interests of PNC fixed-to-floating rate, non-cumulative, perpetual Series S preferred stocks (hereinafter referred to as " Series S preferred stocks").
Each depositary share represents 1/100 of the rights of each share of Series S preferred stock. A total of 525,000 outstanding depositary shares will be redeemed.
The redemption price for the depositary shares is $1,000 per share. This redemption price does not include any dividends that have been declared but not yet paid. PNC indicates that if any semi-annual dividends have been declared but not yet paid prior to the redemption date, such dividends will be paid to the holders recorded on the record date set by the board of directors of PNC before the redemption date.
These depositary shares are held through the American Depository Trust Company ( DTC ) and will be redeemed in accordance with the procedures outlined in DTC. According to the depositary agreement for such depositary shares, the payment will be made by the depository institutions Computershare Trust Company and N.A to DTC.
The mailing addresses for Computershare Trust Company and N.A are: P.O, Box 43078, Providence, RI 02940; the courier addresses are: 150 Royall Street, Canton, MA 02021.
PNC Financial Services Group, Inc. It indicates that the company is one of the largest diversified financial service institutions in the United States, operating around customers and communities to provide retail and commercial banking services, including a full range of loan products; it also offers professional services to businesses and government agencies, such as corporate banking, real estate financing, and asset-backed mortgages; and provides wealth management and asset management services. For more information about PNC, please visit www.pnc.com.
Contact Information
Media: Anne Pace, (631) 338-3268, [ email protected ]
Investor: Bryan Gill, (412) 768-4143, [ email protected ]
