PR Newswire·Sep 29, 2026, 8:03 AM ET

PNC Announces Redemption of all Depositary Shares Representing Interests in Series S Preferred Stock

PNC Financial Services Group announced the redemption of all 525,000 outstanding Depositary Shares representing interests in its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series S.
The redemption is scheduled for Nov. 2, 2026, shifting from Nov. 1, 2026, due to the latter being a non-business day.
Each Depositary Share represents a 1/100th interest in a share of Series S Preferred Stock.
The redemption price is set at $1,000 per Depositary Share, excluding any declared but unpaid dividends.
Any semiannual dividends declared but unpaid prior to the redemption date will be paid on the redemption date to holders of record on a date determined by PNC's board of directors.
Shares are held through the Depository Trust Company (DTC), with Computershare Trust Company, N.A. acting as the Depositary to execute payment in accordance with DTC procedures.
Contact information provided includes Anne Pace for media inquiries & Bryan Gill for investor relations.