JPMorgan Chase Files 8-K on Preferred Stock Offerings
Ticker: VYLD · Form: 8-K · Filed: Aug 20, 2024 · CIK: 19617
Sentiment: neutral
Topics: preferred-stock, capital-raising, disclosure
Related Tickers: JPM
TL;DR
JPM dropped an 8-K detailing preferred stock offerings – check the dividend rates and liquidation preferences!
AI Summary
On August 20, 2024, JPMorgan Chase & Co. filed an 8-K to report the results of its Series DD, EE, GG, JJ, and LL preferred stock offerings. The company issued depositary shares representing interests in these preferred stocks, with specific dividend rates and liquidation preferences detailed in the filing.
Why It Matters
This filing provides details on recent capital raising activities by a major financial institution, impacting its capital structure and potentially its future financial performance.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of preferred stock offerings and does not indicate any unusual risks for the company.
Key Players & Entities
- JPMORGAN CHASE & CO (company) — Filer
- 20240820 (date) — Filing Date
- Series DD (security) — Preferred Stock Series
- Series EE (security) — Preferred Stock Series
- Series GG (security) — Preferred Stock Series
- Series JJ (security) — Preferred Stock Series
- Series LL (security) — Preferred Stock Series
FAQ
What are the specific dividend rates for the Series DD, EE, GG, JJ, and LL preferred stocks?
The filing indicates dividend rates of 5.75% for Series DD, 6.00% for Series EE, 4.75% for Series GG, and specific rates for Series JJ and LL are also mentioned, though not explicitly stated as percentages in the provided snippet.
What is the par value of the depositary shares issued?
The filing refers to 'Depositary Shares One Four Hundredth Interest in a Share of...' for each series, implying a fractional ownership structure.
What is the liquidation preference for these preferred stock series?
The filing mentions liquidation preferences associated with each series of preferred stock, though the exact dollar amounts are not detailed in the provided text.
When was this 8-K filing submitted?
The filing was submitted on August 20, 2024.
What is the primary business of JPMorgan Chase & Co. according to the filing?
The filing lists the Standard Industrial Classification as 'NATIONAL COMMERCIAL BANKS [6021]'.
Filing Stats: 696 words · 3 min read · ~2 pages · Grade level 11 · Accepted 2024-08-20 16:33:33
Key Financial Figures
- $1.00 — ve Preferred Stock, Series X, par value $1.00 per share and with a liquidation prefer
- $10,000 — re and with a liquidation preference of $10,000 (the "Series X Preferred Stock"), pursu
Filing Documents
- d852242d8k.htm (8-K) — 41KB
- d852242dex99.htm (EX-99) — 6KB
- g852242g0820030851203.jpg (GRAPHIC) — 3KB
- 0001193125-24-203699.txt ( ) — 264KB
- jpm-20240820.xsd (EX-101.SCH) — 6KB
- jpm-20240820_def.xml (EX-101.DEF) — 17KB
- jpm-20240820_lab.xml (EX-101.LAB) — 31KB
- jpm-20240820_pre.xml (EX-101.PRE) — 18KB
- d852242d8k_htm.xml (XML) — 17KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits 99 JPMorgan Chase & Co. press release dated August 20, 2024. 101 Pursuant to Rule 406 of Regulation S-T, the cover page is formatted in Inline XBRL (Inline eXtensible Business Reporting Language). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. JPMORGAN CHASE & CO. (Registrant) By: /s/ Jordan A. Costa Name: Jordan A. Costa Title: Managing Director Dated: August 20, 2024