Monday, May 25, 2009
New Regions Preferred
Posted by
jiminclearwater
at
8:02 AM
Just received your updated book and it's great! Recent news accounts (Regions outlines details of $1B stock sale) say that Regions Financial is going to offer new preferred shares at 10% as part of their move to add capital to their balance sheet. Will this be a CD3x Preferred or is this some type of restricted offering that doesn't meet CD3x filters?