Morgan Stanley Announces Redemption in Whole of Series H | MS Stock News

Morgan Stanley today announced that it will redeem in whole its outstanding Fixed-to-Floating Rate Non-Cumulative Preferred

November 19, 2021 – 4:15 pm

NEW YORKMorgan Stanley today announced that it will redeem in whole its outstanding Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series H, liquidation preference $25,000 per share (61761J208) (the “Series H Preferred Stock”), and the depositary shares, each representing a 1/25th ownership interest in a share of Series H Preferred Stock (CUSIP 61761JQK8) (the “Series H Depositary Shares”), on January 18, 2022 pursuant to the optional redemption provisions provided in the documents governing such Series H Preferred Stock and Series H Depositary Shares. The redemption price per Series H Depositary Share will be $1,000. Such redemption price does not include the dividend payment that, if declared, will be payable on the redemption date in the ordinary course to holders of record on the record date for such dividend payment.

Beginning on the redemption date, the Series H Depositary Shares will no longer be deemed outstanding and dividends shall cease to accrue on the Series H Depositary Shares. The Series H Depositary Shares are held through The Depository Trust Company (“DTC”) and will be redeemed in accordance with DTC procedures.

The Bank of New York Mellon, 240 Greenwich Street, 7E, New York, New York 10286, is the depositary and the redemption agent for the Series H Depositary Shares.

This press release does not constitute a notice of redemption under the certificate of designation governing the Series H Preferred Stock or the deposit agreement governing the Series H Depositary Shares.

Morgan Stanley (NYSE: MS) is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.

Media Relations: Wesley McDade, 212.761.2430
Investor Relations: Leslie Bazos, 212.761.5352

Source: Morgan Stanley

Stock MS logoMS Data
    • IndustryInvestment Banking and Securities Dealing
    • Websitewww.morganstanley.com
    • CeoJames Gorman
    • Security nameMorgan Stanley
    • Issue typecs
    • SectorFinance and Insurance
    • Sic code6211
    • Employees2020
    • Tags
      • Finance
      • Investment Banks/Brokers
      • Finance and Insurance
      • Investment Banking and Securities Dealing
    • Address1585 Broadway
    • StateNew York
    • CityNew York
    • Zip10036-8200
    • CountryUnited States
    • Phone12127614000

MS Description

Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals.

  • StateNew York
  • Source: https://www.stocktitan.net/news/MS/morgan-stanley-announces-redemption-in-whole-of-series-h-preferred-fam7yte4iopn.html

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