Morgan Stanley Announces Redemption in Whole of Series H Preferred Stock

Morgan Stanley recently announced that it would redeem in whole its outstanding Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series H, liquidation preference $25,000 per share, and the depositary shares, each representing a 1/25th ownership interest in a share of Series H Preferred Stock, on January 18, 2022 pursuant to the optional redemption provisions. 

The redemption price per Series H Depositary Share will be $1,000. 

Such redemption price does not include the dividend payment that, if declared, will be payable on the redemption date in the ordinary course to holders of record on the record date for such dividend payment.

Beginning on the redemption date, the Series H Depositary Shares will no longer be deemed outstanding and dividends shall cease to accrue on the Series H Depositary Shares.