Santander Holdings USA, Inc. has announced a redemption of all outstanding Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I. The company disclosed that it will redeem 135,000 shares of this preferred stock and the corresponding 5,400,000 depositary shares on October 15, 2026.
The redemption price is set at $25.00 per Depositary Share. This price does not include the regular quarterly dividend that was previously declared. That dividend will be paid separately on October 15, 2026, to holders of record as of the close of business on September 30, 2026.
The depositary shares are held in book-entry form through the Depository Trust Company (DTC). The redemption will be processed in accordance with DTC procedures, with Broadridge Corporate Issuer Solutions, LLC acting as the redemption agent.
Santander Holdings USA, Inc. is the intermediate holding company for Santander’s five growing businesses in the United States. It is a wholly-owned subsidiary of Madrid-based Banco Santander, S.A.
