Stocks
American Express Issues New Preferred Shares and Announces Redemption
On August 12, 2026, American Express issued 1.6 million Depositary Shares as part of its Series E Preferred Share offering.
The shares have a liquidation preference of $1 million per share and carry a fixed rate of 6.45% interest.
In addition to the new issue, American Express announced plans to redeem all outstanding Series D Preferred Shares by September 15, 2026.
The redemption price will be $1 million per Series D Preferred Share, plus any accrued but unpaid dividends.