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
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
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.
Keep exploring
The entities involved
-
U.S. Treasury
mine in Sierra County, New Mexico, United States of America
-
Federal Deposit Insurance Corporation
US government agency providing deposit insurance
- The Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and the Federal Reserve System are refocusing their joint supervision on material financial risk.
- Federal Reserve actions are influencing national rates tracked by the FDIC, while Marcus offers CD rates through Goldman Sachs.
Related events
- The FDIC guarantees deposits at commercial banks, while the Fed's rate-raising cycle influences Certificate of Deposit yields offered by institutions like EagleBank and American Express.
- FDIC confirms traditional savings account insurance limits, and TreasuryDirect allows direct purchases of T-bills.
- The Federal Deposit Insurance Corporation, Consumer Financial Protection Bureau, and Federal Trade Commission are all confirmed to be government agencies.
- The U.S. Treasury and Social Security are noted to serve as a financial base.