Marshall & Ilsley Corporation Declares Dividend on Its Senior Preferred Stock, Series B
05 February 2009 - 8:22AM
PR Newswire (US)
MILWAUKEE, Feb. 4 /PRNewswire-FirstCall/ -- Marshall & Ilsley
Corporation (NYSE:MI) (M&I) today announced that its Board of
Directors has declared the first quarterly cash dividend of $21.7
million, or $12.64 per share, on its 1,715,000 shares of Senior
Preferred Stock, Series B. The Senior Preferred Stock was purchased
from M&I by the U.S. Treasury as part of the U.S. Treasury's
Capital Purchase Program. The dividend is payable on February 16,
2009 to the shareholder of record of the Senior Preferred Stock at
the close of business on February 5, 2009. The U.S. Treasury is
currently the only shareholder of record of the Senior Preferred
Stock. Marshall & Ilsley Corporation (NYSE:MI) is a diversified
financial services corporation headquartered in Milwaukee, Wis.,
with $63.8 billion in assets. Founded in 1847, M&I Marshall
& Ilsley Bank is the largest Wisconsin-based bank, with 193
offices throughout the state. In addition, M&I has 53 locations
throughout Arizona; 32 offices in Indianapolis and nearby
communities; 34 offices along Florida's west coast and in central
Florida; 15 offices in Kansas City and nearby communities; 25
offices in metropolitan Minneapolis/St. Paul, and one in Duluth,
Minn.; and one office in Las Vegas, Nev. M&I's Southwest Bank
subsidiary has 17 offices in the greater St. Louis area. M&I
also provides trust and investment management, equipment leasing,
mortgage banking, asset-based lending, financial planning,
investments, and insurance services from offices throughout the
country and on the Internet (http://www.mibank.com/ or
http://www.micorp.com/). M&I's customer-based approach,
internal growth, and strategic acquisitions have made M&I a
nationally recognized leader in the financial services industry.
DATASOURCE: Marshall & Ilsley Corporation CONTACT: Greg Smith,
senior vice president, chief financial officer, +1-414-765-7727, or
Dave Urban, vice president, director of investor relations,
+1-414-765-7853, both of Marshall & Ilsley Corporation Web
Site: http://www.micorp.com/
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