WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE: TCF) today reminded holders of outstanding warrants to purchase common stock of TCF (NYSE: TCFWS) that the warrants will expire on Wednesday, November 14, 2018.
The New York Stock Exchange (NYSE) has notified TCF that it will suspend trading in the warrants after the close of trading on Friday, November 9, 2018, in order to ensure timely settlement of any warrants that may be purchased and then exercised prior to expiration.
Any warrant not exercised prior to 5:00 p.m. New York City time on November 14, 2018 will expire and be canceled, and the holder will not receive any shares of TCF common stock for its unexercised warrants.
As of October 31, 2018, there were 168,896 warrants outstanding. The warrants have an exercise price of $16.93 per share and are payable only through net settlement.
Holders of warrants can obtain further information on exercising the warrants by contacting their broker. Brokers are encouraged to contact TCF’s warrant agent, Computershare Trust Company, N.A. (telephone: 800-546-5141), or The Depository Trust & Clearing Corporation in advance of the expiration date to confirm procedures for the exercise of warrants.
TCF is a Wayzata, Minnesota-based national bank holding company. As of September 30, 2018, TCF had $22.9 billion in total assets and 315 bank branches in Illinois, Minnesota, Michigan, Colorado, Wisconsin, Arizona and South Dakota providing retail and commercial banking services. TCF, through its subsidiaries, also conducts commercial leasing and equipment finance business in all 50 states and commercial inventory finance business in all 50 states and Canada. For more information about TCF, please visit http://ir.tcfbank.com.
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