BFH: Bread Financial registers Series C preferred depositary shares on NYSE
Bread Financial registers depositary shares of 9.375% Series C non-cumulative perpetual preferred stock on NYSE under Form 8-A.
What this filing says
Bread Financial Holdings has registered depositary shares on the New York Stock Exchange, each representing a 1/40th interest in its 9.375% Series C non-cumulative perpetual preferred stock. The filing is a registration step that makes the securities listable, and it refers to a prospectus supplement and Form S-3 for the full terms. For a common shareholder, this is a new class of senior equity ranking ahead of common stock.
Key figures
- Dividend rate
- 9.375%
- Liquidation preference per depositary share
- $25
- Liquidation preference per preferred share
- $1,000
- Depositary shares per preferred share
- 40
Positive for shareholders
- The preferred stock carries a fixed 9.375% rate, a higher fixed rate than many preferred issues.
Negative for shareholders
- The preferred stock is non-cumulative, so skipped dividends are not paid later.
- The new preferred stock ranks ahead of common shareholders for dividends and liquidation payments.
Written by Quantisnow AI from this filing. Not financial advice.
Key terms
- Depositary share:
- A certificate representing a fractional interest in a preferred share held by a depositary bank.
- Non-cumulative:
- A feature meaning dividends missed in one period are not owed and do not accumulate for later payment.
- Form 8-A:
- An SEC form used to register a class of securities for listing on an exchange.
- Perpetual preferred stock:
- Preferred stock with no fixed maturity date that remains outstanding unless the issuer redeems it.
FAQ
What securities is Bread Financial registering?
Depositary shares, each representing a 1/40th interest in a share of its 9.375% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C, to be listed on the New York Stock Exchange.
What is the liquidation preference on each depositary share?
Each depositary share has a liquidation preference of $25, equivalent to $1,000 per underlying share of Series C Preferred Stock.
Where can the full terms of the Series C preferred stock be found?
The filing refers to the Prospectus and the Prospectus Supplement dated October 27, 2026, under the Registration Statement on Form S-3 (File No. 333-291573).
Historical context for BFH
Across the 22 sessions after earlier BFH headlines, the stock closed higher 11 times and lower 11 times, with a median move of 1.7% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | BFH | SPY |
|---|---|---|---|
| Oct 28, 2026 | Bread Financial Announces Pricing of an Offering of Depositary Shares Representing Interests in Its Series C Preferred Stock | +2.1% | +0.3% |
| Oct 27, 2026 | Bread Financial Announces Launch of an Offering of Depositary Shares Representing Interests in Its Series C Preferred Stock | +0.9% | +0.6% |
| Oct 22, 2026 | Bread Financial Provides Performance Update for September 2026and 3 other headlines that session | -5.7% | -1.2% |
| Oct 6, 2026 | Bread Financial Schedules Third Quarter 2026 Earnings Conference Call for Oct. 22 | -1.1% | +0.5% |
| Sep 15, 2026 | Bread Financial Provides Performance Update for August 2026 | -1.4% | -0.5% |
| Sep 11, 2026 | Wells Fargo initiated coverage on Bread Financial with a new price target | -0.5% | +0.9% |
- Market cap
- 30-day
- Sector
- Consumer Discretionary
- Industry
- Business Services
Follow BFH and get a push notification the moment its next story breaks.