01—Abstract
Summary
Summary of the 8-K filed August 3, 2026. Cited figures are marked; the original filing is the authoritative source.
Northern Trust Corporation announced on August 3, 2026 that it will redeem all outstanding shares of its Series D Non-Cumulative Perpetual Preferred Stock, along with the corresponding depositary shares, on October 1, 2026 (the Redemption Date).
The filing states there are 5,000 outstanding preferred shares with a $100,000a liquidation preference per share, and 500,000 outstanding depositary shares, each representing a 1/100th interest in a preferred share. The depositary shares will be redeemed at $1,000.00 per depositary share. The redemption price does not include the regular quarterly dividend of $23.00 per depositary share, which was previously declared and will be paid on the Redemption Date to holders of record as of 5:00 p.m.
Chicago time on September 15, 2026. After the Redemption Date, the preferred stock will no longer be deemed outstanding and no further dividends will be declared or payable on it. Equiniti Trust Company is serving as redemption agent, with payments to holders made through DTC.
The press release states that it does not itself constitute a notice of redemption under the certificate of designation or the deposit agreement. The company also describes itself as a provider of wealth management, asset servicing, asset management and banking, with $20.0 trillionb in assets under custody/administration and $2.0 trillion in assets under management as of June 30, 2026.
02—Key points
Key Highlights
- Northern Trust will redeem all 5,000 outstanding shares of its Series D Non-Cumulative Perpetual Preferred Stock on October 1, 2026.
- The corresponding 500,000 depositary shares (CUSIP 665859 AQ7), each representing a 1/100th interest in a preferred share, will be redeemed at $1,000.00 per depositary share.
- Each preferred share has a $100,000 liquidation preference.
- The redemption price excludes the regular quarterly dividend of $23.00 per depositary share, payable on the Redemption Date to holders of record as of September 15, 2026.
- After the Redemption Date, no further dividends will be declared or payable on the Series D Preferred Stock.
- The depositary shares are not listed on a national securities exchange and are held through DTC; Equiniti Trust Company is the redemption agent.
- As of June 30, 2026, the company reported $20.0 trillion in assets under custody/administration and $2.0 trillion in assets under management.
03—Questions
Frequently Asked Questions
What is being redeemed and when?
All outstanding shares of Series D Non-Cumulative Perpetual Preferred Stock (5,000 shares) and the corresponding 500,000 depositary shares will be redeemed on October 1, 2026.
How much will holders receive per depositary share?
The redemption price is $1,000.00 per depositary share. This amount does not include the $23.00 quarterly dividend previously declared, which will be paid on the Redemption Date to holders of record as of 5:00 p.m. Chicago time on September 15, 2026.
Will the preferred stock continue to pay dividends after redemption?
No. The filing states that on and after the Redemption Date, the Series D Preferred Stock will no longer be deemed outstanding, and no further dividends will be declared or payable on it.
How are the redeemed depositary shares paid out and who handles questions?
The depositary shares are held through DTC and will be redeemed under DTC procedures, with payment to DTC made by Equiniti Trust Company. Questions about the notice of redemption can be directed to EQ Shareowner Services by mail, overnight courier, or telephone, as listed in the press release.
Is this press release the formal notice of redemption?
No. The press release states that it does not constitute a notice of redemption under the certificate of designation for the Series D Preferred Stock or the deposit agreement for the Depositary Shares.
04—Continue