JPMorgan Chase to redeem all $1.3 billion of its 5.50% non-cumulative preferred stock
JPMorgan Chase & Co. (NYSE: JPM) has announced that it will redeem on December 1, 2017 all of the 125,750 outstanding shares of its 5.50% Non-Cumulative Preferred Stock, Series O (“Series O Preferred Stock”). The shares of Series O Preferred Stock are represented by 50,300,000 depositary shares which are currently traded on the New York…
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