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Medallion Bank Announces Preferred Stock Offering Tied to U.S. Treasury Rates

1 report, 1 independent Updated Sep 1
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Medallion Bank announced a public offering of 2,200,000 additional shares of its Series G Preferred Stock. The stock carries a liquidation amount of $25 per share, and the offering is a reopening of a previous issuance made in May 2025.

From manilatimes.net

Why it matters

Some supportBrind's analysis of the reports

Dividends on the Series G Preferred Stock are currently fixed at 9.00% per annum until July 1, 2030. After this date, the dividend rate will reset to match the five-year U.S. Treasury rate plus 4.94% per annum.

From manilatimes.net

Who's involved

  • U.S. TreasuryThe U.S. Treasury rate influences the dividend rate of the preferred stock after a specific date.

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