Synovus Corrects Preferred Stock Dividend Payment Rate
Press release from the issuing company
Tuesday, February 4th, 2014
Synovus Financial Corp., the Columbus, Georgia-based financial services company, announced that its Board of Directors had declared a dividend on the Company’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C, no par value per share, issued on July 25, 2013. The announcement erroneously referenced a dividend rate of $0.525 per share, when in fact the dividend will be $0.492 per share, consistent with the terms of the Series C Preferred Stock.
