TCF shareholders gets profit lieu away from fractional offers, according to the merger agreement

TCF shareholders gets profit lieu away from fractional offers, according to the merger agreement Established from inside the 1866, The fresh Huntington Federal Lender and its own associates give people, small and center-sector people, businesses, municipalities, or other teams with a comprehensive collection away from banking, money, wealth administration, and exposure management services and products From the effective period of the merger into the , for each display out-of TCF common inventory was turned into suitable to receive step 3.0028 shares regarding Huntington well-known inventory. Previous TCF prominent stock shareholders whom obtained Huntington well-known offers in the brand new merger and you may who always individual those offers from checklist big date, are certain to get Huntington’s in past times launched dividend regarding $0.fifteen per popular express payable to your . Each show of five.70% Show C Non-Cumulative Continuous Prominent Stock, zero face value, out-of TCF (“TCF collection C preferred stock”) are converted into the legal right to receive a percentage of five.70% Non-Cumulative Perpetual Prominent Inventory Show I, par value $0.01 for every show, off Huntington (“Huntington Show We common stock”) at energetic time of the merger. For every a good TCF depositary display (Nasdaq: TCFCP) one represented a 1/1000th interest in a portion of your TCF collection C well-known stock try turned into good Huntington depositary display (Nasdaq: HBANM) symbolizing a-1/1000th need for a portion regarding Huntington Series We popular inventory.