PR Newswire | Jul 28, 2020 02:02PM EDT

07/28 13:01 CDT

Truist Declares Common and Preferred Stock Dividends CHARLOTTE, N.C., July 28, 2020

CHARLOTTE, N.C., July 28, 2020 /PRNewswire/ -- The Board of Directors of Truist Financial Corporation (NYSE: TFC) declared a regular quarterly cash dividend of $0.45 per common share, payable on September 1, 2020, to shareholders of record at the close of business on August 14, 2020.

The Board also declared regular cash dividends on the following series of preferred stock:

Dividend Series of Preferred Dividend perper Record Payment Stock Share Depositary Date Date Share

Non-Cumulative Perpetual Preferred $325.00 $0.325 August 14 September 1 Stock, Series F (CUSIP 89832Q851)

Non-Cumulative Perpetual Preferred $325.00 $0.325 August 14 September 1 Stock, Series G (CUSIP 89832Q844)

Non-Cumulative Perpetual Preferred $351.5625 $0.3515625August 14 September 1 Stock, Series H (CUSIP 89832Q836)

Non-Cumulative Perpetual Preferred $1,022.22222$0.25556^ August 14 September 15 Stock, Series I (CUSIP ^(1) (1) 89832Q810)

Non-Cumulative Perpetual Preferred $1,022.22222$10.22222^August 14^(2)September 15 Stock, Series J (CUSIP ^(1) (1) 86800XAA6)

Fixed Rate Reset Non-Cumulative Perpetual Preferred $600.00 $24.00 August 14 September 1^(3)Stock, Series N (CUSIP 89832QAD1)

Non-Cumulative Perpetual Preferred $342.70833^ $0.34271^ August 14 September 1 Stock, Series O (CUSIP (4) (4) 89832Q745)

Notes:

(1) Dividends per share and dividends per depositary share for Series I and J shown in the table are rounded to the hundred-thousandths position for the convenience of the reader. The unrounded dividend per share and dividend per depositary share for Series I are $1,022.22222222222222 and $0.25555555555556, respectively. The unrounded dividend per share and dividend per depositary share for Series J are $1,022.22222222222222 and $10.22222222222222, respectively.

(2) In accordance with the Amended and Restated Declaration of Trust of SunTrust Preferred Capital I, the record date for the Preferred Purchase Securities representing fractional interests in shares of Series J preferred stock will be August 31, 2020.

(3) Dividends per share and dividends per depositary share for Series N are declared and paid semiannually.

(4) The dividend per share and dividend per depositary share for Series O shown in the table reflect the long initial dividend period that commenced on, and included, the original issue date and will end on, and exclude, the September 1, 2020, dividend payment date. The dividend per share and dividend per depositary share for Series O shown in the table are rounded to the hundred-thousandths position for the convenience of the reader. During a normalized dividend period that extends from, and includes, a dividend payment date to, but excludes, the next dividend payment date, the dividend per share and dividend per depositary share for Series O would be $328.125 per share and $0.328125 per depositary share, respectively.

About Truist

Truist Financial Corporation is a purpose-driven financial services company committed to inspire and build better lives and communities. With 275 years of combined BB&T and SunTrust history, Truist serves approximately 12 million households with leading market share in many high-growth markets in the country. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Headquartered in Charlotte, North Carolina, Truist is the sixth-largest commercial bank in the U.S. with total assets of $504 billion as of June 30, 2020. Truist Bank, Member FDIC. Learn more at Truist.com.

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SOURCE Truist Financial Corporation