The Goldman Sachs Group, Leading Global Financial Institutiona
The Goldman Sachs Group, Leading Global Financial Institutiona
Goldman Sachs Shocks Investors!
Goldman Sachs Shocks Investors!
To redeem all outstanding shares of its 6.375% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series K (“Series K Preferred Stock”)
With the corresponding 28,000,000 depositary shares (“Depositary Shares”)
Also offered depositary shares besides Series K preferred stock where each share represented 1/1000th of their series K Preferred Stocks.
Day for redemption which is set on May 17,2024
Impact on Investors
Both depositary share holders and Series K Preferred Stock holders will receive $25 per share along with any accrued dividends up to the redemption date.
What Should Investors Do?
What Should Investors Do?
For instance, they can retain their shares until May 17, 2024
For instance, they can retain their shares until May 17, 2024