Wintrust Financial Corporation has announced its decision to redeem all outstanding shares of its Series D and Series E Preferred Stock. The redemption, scheduled for July 15, 2025, will include the repurchase of 5,000,000 shares of Series D Preferred Stock at a price of $25.00 per share. Additionally, the company will redeem 11,500 shares of Series E Preferred Stock and the corresponding 11,500,000 depositary shares at $25,000 per Series E share, equivalent to $25.00 per depositary share. The redemption will be financed using the proceeds from Wintrust's recent public offering of Series F Preferred Stock. Investors are advised to contact their financial institutions for details on the redemption process.
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