StocksMedium•13 November 2026•
1 min read
KeyCorp to Redeem All Series E Preferred Stock in December
Key Facts
1KeyCorp announced its intention to redeem all 20,000,000 depositary shares of its Series E Preferred Stock.
2The redemption date for all outstanding Series E Preferred Stock is set for December 15, 2026.
KeyCorp announced its intention to redeem all 20,000,000 depositary shares of its Series E Preferred Stock. According to a PR Newswire statement, the redemption date for all outstanding shares of this series is set for December 15, 2026.
The move is a routine corporate action to manage the company's capital structure by retiring legacy preferred equity. KEY closed at $21.33 on November 12, 2026, while the Cleveland-based bank reported assets of approximately $193 billion as of September 30, 2026.