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TCF Financial Corp., 6.45% Series B Non-Cumulative Perpetual Preferred Stock
Ticker Symbol: TCF-C*     CUSIP: 872277405     Exchange: NYSE
Security Type:   Traditional Preferred Stock
* NOTE: This security is no longer trading as of 3/01/2018

Security has been Called for:  Thursday, March 1, 2018

January 30, 2018 -- The Board of Directors of TCF Financial Corporation today announced significant capital actions including the declaration of quarterly cash dividends for TCF’s common and preferred stock and the redemption of TCF’s 6.45% Series B Non-Cumulative Perpetual Preferred Stock. TCF has submitted a redemption notice to Computershare Inc. and Computershare Trust Company, N.A. for the full redemption of all 4,000,000 issued and outstanding shares of Series B Preferred Stock (NYSE: TCFPRC). The Board of Governors of the Federal Reserve System has approved the redemption. The Company will redeem the Series B Preferred Stock on March 1, 2018 at a cash price equal to $25.00 per share of Series B Preferred Stock. Upon deposit by the Company of the Preferred Stock Redemption Price with the Redemption Agent, the Redemption Agent will redeem the Series B Preferred Stock. ____________ April 26, 2017 -- TCF Financial Corporation (NYSE: TCB) today announced the change of its NYSE ticker symbol from “TCB” to “TCF”, effective with the opening of trading on May 8, 2017.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  TCF Financial Corp., 6.45% Series B Non-Cumulative Perpetual Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 12/19/2017 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Non-Cumulative distributions of 6.45% per annum ($1.6125 per annum or $0.403125 per quarter) will be paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the record date that will be the 15th calendar day of the month prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. This security is possibly subject to an early call as a result of the occurrence of a regulatory capital treatment event which no longer allows the company to include the funds originating from this security as Tier 1 capital on their balance sheet (see the prospectus for further information). Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page S-32 of the prospectus for further information). This security was not rated by Moody’s, rated BB by S&P and B+ by Fitch at the date of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NYSE
Chart
6.45%
$1.6125
$25.00
$25.00
Called for
3/01/2018

None
WR BB-
12/30/2017
3/1, 6/1, 9/1 & 12/1
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
YES

Go to Parent Company's Record (TCF**)

IPO - 12/12/2012 - 4.00 Million Shares @ $25.00/share.    Link to IPO Prospectus
Previous Ticker Symbol: TCB-C    Changed: 5/08/2017
Market Value $100.0 Million

Company's Online Information Links
HOME PAGE:     http://www.tcfbank.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Email Address investor@tcfbank.com

Address and Phone Numbers
Address:   200 Lake Street East, Wayzata, MN 55391
Main Phone Number 952-745-2760
Fax Number Not Available
Investor Relations   Jason Korstange 952-745-2755
Toll Free Phone Number 800-823-2265
CEO - Craig R. Dahl CFO - Brian W. Maass

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