State Street Corporation (BMV:STT) Files An 8-K Material Modification to Rights of Security HoldersItem 3.03.
State Street Corporation (BMV:STT) Files An 8-K Material Modification to Rights of Security Holders
Material Modification to Rights of Security Holders.
On November 21, 2016, State Street Corporation (the “Corporation”) caused notice to be delivered to the holders of the floating rate capital securities (the “Trust I Securities”) of State Street Capital Trust I (“Trust I”) that Trust I would be dissolved in accordance with the terms of Trust I, effective as of December 21, 2016 (the “liquidation date”). Upon the liquidation date, the Trust I Securities of each holder will be exchanged, without any action by such holder, for a like principal amount of the Corporation’s floating rate junior subordinated debentures due 2028 that underlie such Trust I Securities (the “2028 Debentures”).
On November 21, 2016, the Corporation also caused notice to be delivered to the holders of the floating rate capital securities (the “Trust IV Securities”) of State Street Capital Trust IV (“Trust IV”) that Trust IV would be dissolved in accordance with the terms of Trust IV, effective as of the liquidation date. Upon the liquidation date, the Trust IV Securities of each holder will be exchanged, without any action by such holder, for a like principal amount of the Corporation’s floating rate junior subordinated debentures due 2037 that underlie such Trust IV Securities (the “2037 Debentures” and together with the 2028 Debentures, the “Debentures”).
The next scheduled interest payment on the 2028 Debentures and the 2037 Debentures will include any accrued and unpaid distributions on the Trust I Securities and the Trust IV Securities, respectively. The Debentures exchanged for the Trust I Securities and the Trust IV Securities, as applicable, will be issued in the form of one or more global securities registered in the name of Cede & Co., the nominee of The Depository Trust Company, and will remain subject to the provisions of the existing indenture applicable to such Debentures, as amended to date.
About State Street Corporation (BMV:STT)
State Street Corporation (BMV:STT) Recent Trading Information
State Street Corporation (BMV:STT) closed its last trading session 00.00 at 1,310.20 with 0 shares trading hands.
State Street Corporation (BMV:STT) Recent Trading Information
State Street Corporation (BMV:STT) closed its last trading session 00.00 at 1,310.20 with 0 shares trading hands.