State Street Corporation (NYSE:STT) Files An 8-K Material Modification to Rights of Security HoldersItem 3.03. Material Modification to Rights of Security Holders.
State Street Corporation (NYSE:STT) Files An 8-K Material Modification to Rights of Security Holders
On June 12, 2017, State Street Corporation (the “Corporation”) notified U.S. Bank National Association, as indenture trustee (the “Trustee”), that the Corporation intends to exercise its option under the terms of that certain Junior Subordinated Indenture, dated as of December 15, 1996, as amended and supplemented by the Second Supplemental Indenture, dated as of April 30, 2007, in each case between the Corporation and the Trustee (collectively, the “Indenture”), to extend both the scheduled maturity date and the final repayment date of the Corporation’s floating rate junior subordinated debentures due 2037 (the “Debentures”). Specifically, effective as of June 15, 2017, the scheduled maturity date of the Debentures will be extended from June 15, 2037 to June 15, 2047, and the final repayment date of the Debentures will be extended from June 1, 2067 to June 1, 2077. The Debentures are registered in the name of Cede & Co., the nominee of The Depository Trust Company, and will remain subject to the other provisions of the Indenture. >
About State Street Corporation (NYSE:STT)
State Street Corporation, the parent company, is a financial holding company. The parent company provides financial and managerial support to its legal and operating subsidiaries. The Company, through its subsidiary, State Street Bank, provides a range of financial services and products to institutional investors across the world. Its clients include mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments and investment managers. It has approximately two lines of business: Investment Servicing and Investment Management. Its Investment Servicing line of business performs core custody and related value-added functions, such as providing institutional investors with clearing, payment and settlement services. Its Investment Management services through State Street Global Advisors (SSGA). SSGA provides a range of investment management, investment research and investment advisory services.
State Street Corporation, the parent company, is a financial holding company. The parent company provides financial and managerial support to its legal and operating subsidiaries. The Company, through its subsidiary, State Street Bank, provides a range of financial services and products to institutional investors across the world. Its clients include mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments and investment managers. It has approximately two lines of business: Investment Servicing and Investment Management. Its Investment Servicing line of business performs core custody and related value-added functions, such as providing institutional investors with clearing, payment and settlement services. Its Investment Management services through State Street Global Advisors (SSGA). SSGA provides a range of investment management, investment research and investment advisory services.
