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Friday, May 27, 2022

Equity Corporate Actions Alert #2022 - 122
(UPDATE: Merger closed) Information Regarding the Merger of TriState Capital Holdings, Inc. (TSC, TSCAP, TSCBP)

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  • Industry Announcement

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At a special meeting held on February 28, 2022, the shareholders of TriState Capital Holdings, Inc. (TSC, TSCAP, TSCBP) approved the merger with and into a subsidiary of Raymond James Financial, Inc (RJF). The merger closed prior to the market open on June 1, 2022. In anticipation of the closing, the stocks were halted immediately following the after-hours session at 8 p.m. on May 31, 2022. The stocks will remain halted on the day of closing (June 1st) and will be suspended effective June 2, 2022. The details are as follows:

Company Name/Issue: TriState Capital Holdings, Inc. Common Stock
CUSIP#: 89678F100
Symbol: TSC
Last Trading Date: May 31, 2022
Marketplace Effective Date for Suspension: June 2, 2022
Merger Consideration: $6.00 in cash and .25 of a share of Raymond James Financial, Inc. Common Stock (RJF) for each share held.
Company Name/Issue: TriState Capital Holdings, Inc. Depositary Share, representing a 1/40th Interest in a Share of of 6.75% Series A Non-Cumulative Preferred Stock
CUSIP#: 89678F209
Symbol: TSCAP
Last Trading Date: May 31, 2022
Marketplace Effective Date for Suspension: June 2, 2022
Merger Consideration: One share of Raymond James Financial, Inc. Depositary Shares, representing a 1/40th interest in a share of 6.75% Fixed-to-Floating Rate Series A Non-Cumulative Perpetual Preferred Stock (RJF.PRA) per share
Company Name/Issue: TriState Capital Holdings, Inc. Depositary Share, representing a 1/40th Interest in a Share of 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock
CUSIP#: 89678F506
Symbol: TSCBP
Last Trading Date: May 31, 2022
Marketplace Effective Date for Suspension: June 2, 2022
Merger Consideration: One share of Raymond James Financial, Inc. Depositary Shares, each representing a 1/40th interest in a share of 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (RJF.PRB) per share

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