01—Abstract
Summary
Summary of the 8-K filed December 2, 2025. Cited figures are marked; the original filing is the authoritative source.
Raymond James Financial, Inc. filed this Form 8-K on December 2, 2025 under Item 8.01 (Other Events) to disclose that it will redeem all 80,500 outstanding shares of its 6.375%a Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock on January 2, 2026 (the Redemption Date).
The related Series B Depositary Shares, each representing a 1/40th interest in a share of Series B Preferred Stock, will also be redeemed. After the redemption, no Series B Preferred Stock or Series B Depositary Shares will remain outstanding. According to the attached press release (Exhibit 99.1), the redemption price is $1,000.00b per share of Series B Preferred Stock and $25.00 per Series B Depositary Share.
These prices do not include declared and unpaid dividends, if any, before the redemption date. The company states that it has received all necessary approvals for the redemption. Payment to holders of the depositary shares, which are held through DTC, will be made by Computershare as redemption agent.
The filing is a notice of corporate action rather than a financial results report. It does not contain earnings or other financial performance data, and the 8-K states that it is qualified by reference to the separately issued notice of redemption.
02—Key points
Key Highlights
- Raymond James will redeem all 80,500 outstanding shares of its 6.375% Series B Non-Cumulative Perpetual Preferred Stock on January 2, 2026.
- Redemption price is $1,000.00 per preferred share and $25.00 per Series B Depositary Share (NYSE: RJF PrB), excluding declared and unpaid dividends.
- Each Series B Depositary Share represents a 1/40th interest in a share of Series B Preferred Stock.
- After the redemption, no Series B Preferred Stock or Series B Depositary Shares will remain outstanding.
- The company states it has received all necessary approvals for the redemption.
- Depositary shares are held through DTC and paid out by Computershare Inc. and Computershare Trust Company, N.A. as redemption agent.
- The 8-K is a disclosure under Item 8.01 and does not itself constitute the formal notice of redemption.
03—Questions
Frequently Asked Questions
When will Series B preferred shareholders receive redemption payments?
The redemption date is January 2, 2026. Redemption prices are $1,000.00 per Series B Preferred Stock share and $25.00 per Series B Depositary Share, plus any declared and unpaid dividends prior to the redemption date, which the press release states are not included in the stated prices.
How are holders of the Series B Depositary Shares paid?
The depositary shares are held through The Depository Trust Company (DTC) and will be redeemed under DTC procedures. Computershare Inc. and Computershare Trust Company, N.A., acting as redemption agent, will make payment to DTC under the Deposit Agreement.
Will any Series B preferred stock remain outstanding after the redemption?
No. The filing states that after the redemption on January 2, 2026, no shares of Series B Preferred Stock or Series B Depositary Shares will remain outstanding.
Does this 8-K serve as the formal notice of redemption?
No. The filing states that it does not constitute a notice of redemption under the governing Articles of Amendment or the Deposit Agreement, and that it is qualified in its entirety by reference to the notice of redemption issued by Raymond James Financial, Inc.
04—Continue