Northern Trust Corp Announces Redemption of Series D Preferred Stock

What Happened
Northern Trust Corporation announced on August 3, 2026 (via press release filed as Exhibit 99.1 to its Form 8‑K) that it will redeem, on October 1, 2026, all of the issued and outstanding shares of its Series D Non‑Cumulative Perpetual Preferred Stock and the corresponding depositary shares (each representing a 1/100th interest in a share of Series D Preferred Stock).

Key Details

• Redemption announced: August 3, 2026 (press release filed as Exhibit 99.1).
• Effective redemption date: October 1, 2026.
• Securities affected: all issued and outstanding shares of Series D Non‑Cumulative Perpetual Preferred Stock and the related depositary shares (each depositary share = 1/100th interest in one Series D share).
• The Form 8‑K includes the press release; no additional financial terms or redemption price are disclosed in the filing.

Why It Matters
This action directly affects holders of Northern Trust’s Series D preferred stock and the corresponding depositary shares—those securities will be redeemed and removed from the company’s outstanding preferred capitalization as of October 1, 2026. Investors holding these instruments should review the press release and any follow‑up notices for redemption price, payment procedures and tax treatment. For broader shareholders, the redemption reduces outstanding preferred equity, which can alter the company’s capital structure and dividend obligations, so consider this when evaluating yield and credit exposure.