PR Newswire | Apr 27, 2021 03:54PM EDT

04/27 14:53 CDT

Truist Declares Common and Preferred Stock Dividends CHARLOTTE, N.C., April 27, 2021

CHARLOTTE, N.C., April 27, 2021 /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 June 1, 2021, to shareholders of record at the close of business on May 14, 2021.

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

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

Series H Non-Cumulative Perpetual Preferred $351.5625 $0.3515625 May 14 June 1 Stock (CUSIP 89832Q836)

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

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

Series L Non-Cumulative Perpetual Preferred $2,525.00 $25.25 May 14 June 15^(3)Stock (CUSIP 89832QAB5)

Series M Non-Cumulative Perpetual Preferred $2,562.50 $25.625 May 14 June 15^(3)Stock (CUSIP 89832QAC3)

Series O Non-Cumulative Perpetual Preferred $328.125 $0.328125 May 14 June 1 Stock (CUSIP 89832Q745)

Series P Fixed Rate Reset Non-Cumulative $618.75 $24.75 May 14 June 1^(3) Perpetual Preferred Stock (CUSIP 89832QAE9)

Series R Non-Cumulative Perpetual Preferred $296.875 $0.296875 May 14 June 1 Stock (CUSIP 89832Q695)

Notes:

In the table, dividends per share and dividends per depositary share for Series I and Series J are rounded to the hundred-thousandths position for the convenience of the reader. Rounded to the fourteenth decimal place,(1) the dividend per share and dividend per depositary share for Series I are $1,022.22222222222222 and $0.25555555555556, respectively. Rounded to the fourteenth decimal place, the dividend per share and dividend per depositary share for Series J are $1,022.22222222222222 and $10.22222222222222, respectively.

In accordance with the Amended and Restated Declaration of Trust of(2) SunTrust Preferred Capital I, the record date for the Preferred Purchase Securities representing fractional interests in shares of Series J preferred stock will be May 31, 2021.

(3) Dividends per share and dividends per depositary share for Series L, Series M, and Series P are declared and paid semiannually.

About TruistTruist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Formed by the historic merger of equals of BB&T and SunTrust, Truist has 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 $518 billion as of March 31, 2021. Truist Bank, Member FDIC. Learn more at Truist.com.

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SOURCE Truist Financial Corporation