State Street Corporation Announces Issuance of Preferred Stock

BOSTON--(BUSINESS WIRE)--State Street Corporation (“State Street”) (NYSE: STT) announced today that it has issued $1.5 billion of depositary shares, each representing a 1/100th ownership interest in a share of its 6.700% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I (the “Series I Preferred Stock”), without par value per share, with a liquidation preference of$ 100,000 per share. The offering, which closed today, was structured in keeping with State Street’s ongoing inclusion, diversit ...