10:42 AM EDT, 04/01/2024 (MT Newswires) -- First Horizon ( FHN ) said Monday it will redeem all outstanding shares of its 6.1% Series D fixed to floating non-cumulative perpetual preferred stock and all related outstanding depositary shares on May 1.

The company said that each depositary share will be redeemed for $25, corresponding to $10,000 per Series D preferred share.

First Horizon ( FHN ) shares were down 1.5% in recent trading.

Price: 15.18, Change: -0.22, Percent Change: -1.46