May 12, 2021,
Texas Capital Bancshares, Inc. (the Company ) issued a press
release announcing the redemption on
June 15, 2021, of all 6,000,000 outstanding
shares of its 6.50% Non-Cumulative Perpetual Preferred Stock, Series A,
liquidation preference
$25 per share (the Series A Preferred Stock ) at a
redemption price of
$25 per share. Regular dividends on the outstanding shares
of the Series A Preferred Stock will be paid separately on
June 15, 2021, to
holders of record as of
June 1, 2021. From and after
June 15, 2021, dividends in
respect of the Series A Preferred Stock will cease to accrue.
On
May 12, 2021, the Company also issued a press release announcing the
redemption on
June 21, 2021, of all outstanding 6.50% Subordinated Notes due
Texas Capital Bancshares, Inc Announces Full Redemption of 6 50% Subordinated Notes Due 2042
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