Truist Financial Corporation Announces Redemption of Series P Preferred Stock

Truist Financial Corporation announced the redemption of all outstanding Series P Depositary Shares, each representing a 1/25th interest in a share of Truist’s Series P Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock. The redemption is scheduled for November 13, 2025, with a redemption price of US$1,000.00 per Series P Depositary Share, plus declared and unpaid dividends up to but excluding the Redemption Date. The Series P Depositary Shares will be redeemed from the Company’s retained earnings. The notice of redemption has been mailed to holders of record, and additional copies can be requested from Computershare Trust Company, N.A. This announcement is part of Truist’s ongoing financial management and capital structure optimization efforts.