Santander Holdings USA to redeem all Series I preferred stock on October 15, 2026
Santander Holdings USA, Inc. announced it will redeem all 135,000 outstanding shares of its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I, and the 5,400,000 related depositary shares on October 15, 2026. Depositary Shares will be redeemed at $25.00 each, and the regular quarterly dividend will be paid separately to holders of record as of September 30, 2026. The filing is a routine capital action that removes this preferred issue and ends its dividend stream after the October payment.
Key points
- Redemption date: October 15, 2026, for all 135,000 Series I preferred shares and 5,400,000 depositary shares
- Redemption price: $25.00 per depositary share, excluding the regular quarterly dividend
- Dividend declared earlier is payable October 15, 2026 to holders of record at close of business September 30, 2026
- Depositary Shares trade on NYSE as SNUS PF I and are held through DTC; Broadridge Corporate Issuer Solutions is redemption agent
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 15, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.