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    First Horizon Corp 6.50% Dep Shares Non-Cumulative Prfd Stock, Series E
    Ticker Symbol: FHN-E     CUSIP: 320517402     Exchange: NYSE
    Security Type:   Traditional Preferred Stock
    The 6.50% Series E preferred shares were issued on 05/20/2020 and started trading temporarily on the Other OTC market 05/21/2020 under the ticker symbol FHNCL until they start trading on the NYSE. The shares are expected to start trading on the NYSE within 30 days of their issue date under their permanent ticker symbol of FHN-E. For information on securities trading on the Other OTC, see our discussion on this subject on our What Income Investors Should Know page which can be found on our Information menu at the top of any page.

    QUANTUMONLINE.COM SECURITY DESCRIPTION:  First Horizon Corp formerly First Horizon National Corp 6.50% Depositary Shares each representing a 1/4000 interest in a share of the Non-Cumulative Perpetual Preferred Stock, Series E, liquidation preference $25 per Depositary share, redeemable at the issuer's option on or after 10/10/2025 at $25 per Depositary share plus declared and unpaid dividends, and with no stated maturity. Non-cumulative distributions of 6.50% per annum ($1.625 per annum or $0.40625 per quarter) will be paid quarterly on 1/10, 4/10, 7/10 & 10/10 to holders of record on the 15th calendar day before the dividend payment date or another date fixed by the board, not more than 60 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is 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-28 of the prospectus for further information). This security was rated as Ba2 by Moody’s and Not rated by S&P at the date of its IPO. This security was rated as BB- by Fitch Ratings Co. 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
    6.50%
    $1.625
    $25.00
    $25.00
    10/10/2025
    None
    Ba2 NF
    5/26/2025
    1/10, 4/10, 7/10 & 10/10
    Click for MW ExDiv Date
    Click for Yahoo ExDiv Date
    YES

    Go to Parent Company's Record (FHN)

    IPO - 5/20/2020 - 6.00 Million Shares @ $25/share.    Link to IPO Prospectus
    Previous Ticker Symbol: FHNCL    Changed: 6/16/2020
    Previous Name: First Horizon National Corp    Changed: 11/30/2020
    Market Value $ Million

    Company's Online Information Links
    HOME PAGE:     https://www.firsthorizon.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 InvestorRelations@firsthorizon.com
    Email Request Form on Website Go to Email Form

    Address and Phone Numbers
    Address:   165 Madison Avenue, Memphis, TN 38103
    Main Phone Number 901-523-4444
    Fax Number 901-523-4614
    Investor Relations   Aarti Bowman 901-523-4017
    Toll Free Phone Number 800-489-4040
    CEO - D. Bryan Jordan CFO - Hope Dmuchowski


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