Exhibit 99
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JPMorgan Chase & Co. 383 Madison Avenue, New York, NY 10179-0001 NYSE symbol: JPM www.jpmorganchase.com | |  |
News release: IMMEDIATE RELEASE
JPMorgan Chase Announces Partial Redemption of itsFixed-to-Floating Rate
Non-Cumulative Perpetual Preferred Stock, Series I
Represented By Depositary Shares
New York, September 26, 2019 – JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) has announced that on October 30, 2019 (the “Redemption Date”) it will redeem 137,000 of the 430,375 outstanding shares of itsFixed-to-Floating RateNon-Cumulative Perpetual Preferred Stock, Series I (“Series I Preferred Stock”). The shares of Series I Preferred Stock are represented by 4,303,750 depositary shares (“Series I Depositary Shares”), with each Series I Depositary Share (CUSIP: 46625HHA1) representing aone-tenth interest in a share of Series I Preferred Stock. Simultaneously with the redemption of 137,000 shares of the Series I Preferred Stock on the Redemption Date, 1,370,000 of the Series I Depositary Shares will be redeemed. The Series I Depositary Shares to be redeemed will be selected by lottery in accordance with the applicable procedures of The Depositary Trust Company (“DTC”). The redemption price per share for the Series I Preferred Stock to be redeemed will be $10,000 (equivalent to $1,000 per Series I Depositary Share).
October 30, 2019 is also a dividend payment date for the Series I Preferred Stock and the Series I Depositary Shares. When declared, dividends on all of the outstanding shares of Series I Preferred Stock represented by Series I Depositary Shares will be paid separately on October 30, 2019 to the holders of record on September 30, 2019. Dividends on the Series I Depositary Shares that are redeemed will cease to accrue after the Redemption Date. Series I Depositary Shares not selected for redemption will remain outstanding after the Redemption Date and will continue to accrue dividends, when declared on the outstanding Series I Preferred Stock.
The Series I Depositary Shares are held in book-entry form through DTC, and the Series I Depositary Shares to be redeemed will be redeemed in accordance with the procedures of DTC. Payment to DTC of the redemption price for the Series I Depositary Shares to be redeemed will be made by Computershare Inc, as Depositary for the Series I Preferred Stock and as redemption agent, on the Redemption Date. The address for the redemption agent is: 150 Royall Street, Canton, Massachusetts 02021.
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| Investor Contact: | | Jason Scott 212-270-2479 | | Media Contact: | | Joseph Evangelisti 212-270-7438 |
