Short answer
PNC Financial Services (PNC) filed an 8-K current report with the SEC on September 29, 2026 reporting Item 8.01 (Other Events). PNC will redeem all 525,000 Series S depositary shares for $525 million on November 2, 2026.
PNC Financial Services 8-K event analysis
AI summary of each reported item and its exhibits
Item 8.01 · Other Events
- PNC will redeem all 525,000 Series S depositary shares for $525 million on November 2, 2026
- Redemption price $1,000 per depositary share, excluding declared but unpaid dividends
- Fixed-to-floating perpetual preferred securities exit PNC’s capital structure after redemption
- DTC processing and Computershare payment administration streamline settlement for holders
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