Silvergate Capital Corp - Ordinary Shares - Class A

NYSE:SI   11:59:35 AM EDT
1.79
-0.26 (-12.93%)
Dividends, Debt Financing / Related

Silvergate Suspends Series A Preferred Stock Dividend

Published: 01/27/2023 12:14 GMT
Silvergate Capital Corp - Ordinary Shares - Class A (SI) - Silvergate Suspends Series a Preferred Stock Dividend.
Silvergate Capital Corp - Suspended Payment of Dividends on Its 5.375% Fixed Rate Non-cumulative Perpetual Preferred Stock, Series A.
Silvergate Capital Corp- Board of Directors Will Re-evaluate Payment of Quarterly Dividends As Market Conditions Evolve.
Silvergate Capital Corp - Continues to Maintain a Cash Position in Excess of Its Digital Asset Customer Related Deposits.
Silvergate Capital Corp - Suspends Series a Preferred Stock Dividend in Order to Preserve Capital.
Silvergate - Decision Reflects Focus on Maintaining "highly Liquid" Balance Sheet As Co Navigates Recent Volatility in Digital Asset Industry.