logo
UMB Financial Corporation Announces Full Redemption of Its Series A Preferred Stock; Nasdaq UMBFP

UMB Financial Corporation Announces Full Redemption of Its Series A Preferred Stock; Nasdaq UMBFP

Business Wire12-06-2025
KANSAS CITY, Mo.--(BUSINESS WIRE)--UMB Financial Corporation (the 'Company') (Nasdaq: UMBF), a financial services company, announced today that it will redeem all outstanding shares of the Company's 7.00% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, $0.01 par value per share ('Series A Preferred Stock').
All 11,500 outstanding shares of the Series A Preferred Stock (CUSIP: 902788 306) will be redeemed at a price of $10,000 per share of preferred stock on the dividend payment date of July 15, 2025.
Regular dividends on the outstanding shares of the Series A Preferred Stock of $175 per share will be paid separately on July 15, 2025, to holders of record as of the close of business on June 30, 2025, in the customary manner. Accordingly, the redemption price for the Series A Preferred Stock will not include any accrued and unpaid dividends. On and after the redemption date, all dividends on the shares of Series A Preferred Stock will cease to accrue.
The Series A Preferred Stock is held through The Depository Trust Company ('DTC') and will be redeemed in accordance with the procedures of DTC. Payment to DTC for the Series A Preferred Stock will be made by Computershare Trust Company, N.A., as redemption agent, in accordance with the Deposit Agreement and the Redemption Agent Agreement that govern the redemption of the Series A Preferred Stock. The address for the redemption agent is as follows:
Computershare Trust Company, N.A.
Attn: Corporate Actions
150 Royall St.
Canton, MA 02021
About UMB:
UMB Financial Corporation (Nasdaq: UMBF) is a financial services company headquartered in Kansas City, Missouri. UMB offers commercial banking, which includes comprehensive deposit, lending, investment and retirement plan services; personal banking, which includes comprehensive deposit, lending, wealth management and financial planning services; and institutional banking, which includes asset servicing, corporate trust solutions, investment banking and healthcare services. UMB operates branches throughout Missouri, Arizona, California, Colorado, Iowa, Kansas, Illinois, Minnesota, Nebraska, New Mexico, Oklahoma, Texas, and Wisconsin. As the company's reach continues to grow, it also serves business clients nationwide and institutional clients in several countries. For more information, visit UMB.com, UMB Blog, UMB Facebook and UMB LinkedIn.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Polestar Automotive Holding UK PLC (PSNY) Secures $200M Investment to Accelerate EV Expansion
Polestar Automotive Holding UK PLC (PSNY) Secures $200M Investment to Accelerate EV Expansion

Yahoo

time7 minutes ago

  • Yahoo

Polestar Automotive Holding UK PLC (PSNY) Secures $200M Investment to Accelerate EV Expansion

We recently compiled a list of the 10 Best Low Cost Stocks To Buy Under $50. Polestar Automotive Holding UK PLC is placed first on our list. Polestar Automotive Holding UK PLC (NASDAQ:PSNY) tops our list for being one of the cheap stocks to buy. It is a Swedish EV company founded in 2017 and focuses on producing premium battery electric vehicles with a strong emphasis on innovation and sustainability. Its product lineup includes the Polestar 2 sedan, Polestar 3 and 4 SUVs, Polestar 5 grand-touring sedan, and the Polestar 6 roadster. As of mid-2025, Polestar Automotive Holding UK PLC (NASDAQ:PSNY) is demonstrating strong operational momentum and expanding strategically. In Q2 2025, the company reported retail sales of 18,049 vehicles, marking a 38% year-over-year increase. Sales in the first half of 2025 rose by 51% compared to the same period in 2024, driven by increasing consumer demand and market penetration. In Q1 2025 alone, sales surged 76% year-over-year, with gross margins turning positive at 7%, aided by a favorable sales mix and cost control. To support future growth, the business is expanding its manufacturing capabilities through a strategic partnership with Volvo Cars. The upcoming Polestar 7, a premium compact SUV slated for launch in 2028, will be manufactured in Kosice, Slovakia. This decision enhances the corporation's production capacity, leverages Volvo's established infrastructure, and strengthens its position in the competitive electric SUV market. A fleet of electric light vehicles recharging their batteries in a parking lot. Additionally, the company secured a $200 million equity investment from PSD Investment Limited, linked to Geely's founder, bolstering its financial position to scale operations and roll out new models. While Polestar Automotive Holding UK PLC (NASDAQ:PSNY)'s trajectory shows promise, it must continue addressing typical EV start-up challenges, including cost structure management and cash flow improvements. While we acknowledge the potential of PSNY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Billionaires Are Buying a Popular AI Index Fund That Could Turn $500 Per Month Into $432,300
Billionaires Are Buying a Popular AI Index Fund That Could Turn $500 Per Month Into $432,300

Yahoo

time37 minutes ago

  • Yahoo

Billionaires Are Buying a Popular AI Index Fund That Could Turn $500 Per Month Into $432,300

Key Points Three prominent billionaire money managers bought shares of the Invesco QQQ Trust in the first quarter. The Invesco QQQ Trust is heavily invested in technology stocks likely to benefit from artificial intelligence. The fund achieved a total return of 1,560% in the last two decades, compounding at 15% annually. 10 stocks we like better than Invesco QQQ Trust › Invest in Gold Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase American Hartford Gold: #1 Precious Metals Dealer in the Nation Thor Metals Group: Best Overall Gold IRA The Invesco QQQ Trust (NASDAQ: QQQ) is the fifth-most popular exchange-traded fund (ETF) worldwide as measured by assets under management. Several prominent billionaires added to their positions in the first quarter, as detailed below: Ken Griffin of Citadel Advisors added 2.2 million shares. The Invesco QQQ Trust now ranks as the third-largest position in the hedge fund, excluding options. Israel Englander of Millennium Management added 474,300 shares. The ETF now ranks among the 25 largest positions in the hedge fund, excluding options. Steven Cohen of Point72 Asset Management added 7,950 shares. The ETF remains a relatively small position in the hedge fund. Citadel, Millennium, and Point72 are three of the most profitable hedge funds in history as measured by net gains. That makes all three money managers good sources of inspiration, and individual investors should consider following their lead with this ETF. The Invesco QQQ Trust could turn $500 per month into $432,300 in 20 years. The Invesco QQQ Trust is heavily invested in technology companies likely to benefit from artificial intelligence The Invesco QQQ Trust measures the performance of the Nasdaq-100, an index that tracks the 100 largest nonfinancial companies listed on the Nasdaq Stock Exchange. The ETF has more than 60% of its assets invested in technology stocks, many of which are likely to benefit as the artificial intelligence (AI) revolution continues to unfold. The 10 largest holdings in the Invesco QQQ Trust are listed by weight below: Nvidia: 9.8% Microsoft: 8.7% Apple: 7.2% Amazon: 5.6% Broadcom: 5.3% Alphabet: 5% Meta Platforms: 3.5% Netflix: 2.8% Tesla 2.6% Costco Wholesale: 2.3% AI spending across hardware, software, and services is forecast to grow at 35.9% annually through 2030, according to Grand View Research. Several companies listed above should benefit. Amazon, Microsoft, and Alphabet are the three largest public cloud providers, meaning demand for AI infrastructure should be a tailwind. And Nvidia is the undisputed leader in data center GPUs, the most popular type of AI accelerator. Apple has introduced generative AI capabilities for iPhones. Meta Platforms is leaning on AI to increase user engagement across its social media platforms and improve outcomes for advertisers. Netflix recently started using generative AI to create content for movies and shows. Broadcom is the market leader in AI networking chips and custom AI accelerators, and Tesla recently launched an autonomous ride-hailing service. History says the Invesco QQQ Trust can turn $500 invested monthly into $432,300 in 20 years Excluding dividends, the Invesco QQQ Trust advanced 1,340% during the last two decades, which is equivalent to 14% annually. Including dividends, the index fund achieved a total return of 1,560%, compounding at 15% annually. I will assume a more modest return of 12% annually to introduce a margin of safety. At that pace, $500 invested monthly in the fund would be worth $105,200 in one decade and $432,300 in two decades. Some investors may prefer to save more or less each month, so the chart below shows how different contribution amounts would grow over time, assuming annual returns of 12%. Holding Period $200 Per Month $400 Per Month $600 Per Month 10 Years $42,100 $84,200 $126,300 20 Years $172,900 $345,800 $518,700 Returns were determined using the compound interest calculator. Investors need two more pieces of information. First, the Invesco QQQ Trust has been very volatile in the past due to its heavy exposure to technology stocks. The index fund fell more than 12% from its record high seven times in the last decade. Similar volatility is likely in the future. Second, the ETF has an expense ratio of 0.2%, meaning shareholders will pay $20 per year on every $10,000 invested. Comparatively, the average expense ratio on U.S. index funds and mutual funds was 0.34% in 2024. Should you buy stock in Invesco QQQ Trust right now? Before you buy stock in Invesco QQQ Trust, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Invesco QQQ Trust wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $625,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,090,257!* Now, it's worth noting Stock Advisor's total average return is 1,036% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Trevor Jennewine has positions in Amazon, Nvidia, and Tesla. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Costco Wholesale, Meta Platforms, Microsoft, Netflix, Nvidia, and Tesla. The Motley Fool recommends Broadcom and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Billionaires Are Buying a Popular AI Index Fund That Could Turn $500 Per Month Into $432,300 was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

RBC Capital Keeps Their Hold Rating on Sarepta Therapeutics (SRPT)
RBC Capital Keeps Their Hold Rating on Sarepta Therapeutics (SRPT)

Business Insider

timean hour ago

  • Business Insider

RBC Capital Keeps Their Hold Rating on Sarepta Therapeutics (SRPT)

RBC Capital analyst Brian Abrahams maintained a Hold rating on Sarepta Therapeutics on July 31 and set a price target of $14.00. The company's shares closed yesterday at $15.91. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Abrahams is an analyst with an average return of -1.9% and a 43.69% success rate. Abrahams covers the Healthcare sector, focusing on stocks such as Sarepta Therapeutics, Vertex Pharmaceuticals, and Biogen. In addition to RBC Capital, Sarepta Therapeutics also received a Hold from TR | OpenAI – 4o's Dex Genotek in a report issued on July 30. However, on the same day, Citi maintained a Sell rating on Sarepta Therapeutics (NASDAQ: SRPT). Based on Sarepta Therapeutics' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $744.86 million and a GAAP net loss of $447.51 million. In comparison, last year the company earned a revenue of $413.46 million and had a net profit of $36.12 million

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store