KEYCORP /NEW/ — Form 8-K
Filed August 14, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 18/100
What the filing says
KeyCorp announced redemption of all 525,000 depositary shares (21,000 underlying preferred shares) of Series D Fixed-to-Floating Rate Perpetual Preferred Stock on September 15, 2026. Total redemption price: $525M aggregate liquidation preference plus $12.5M accumulated dividends ($537.5M total cash outlay). Redemption price: $1,012.50 per depositary share ($25,312.50 per underlying share).
Why this rating
Routine preferred stock redemption. $537.5M (~2.8% of $19.4B market cap) is manageable. No operational impact; standard capital structure transaction.
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