Zions Bancorporation To Make Conference Appearance And Updates Warrant Information

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Mar 02, 2017, 13:24 ET

SALT LAKE CITY, March 2, 2017 /PRNewswire/ -- Paul E. Burdiss, chief financial officer of Zions Bancorporation (NASDAQ: ZION), will make a presentation at the 2017 RBC Capital Markets Financial Institutions Conference on Tuesday, March 7, 2017 at 12:55 p.m. ET. A live webcast of the presentation may be accessed on the Zions Bancorporation website, www.zionsbancorporation.com. The webcast will also be archived and available on the website for 30 days.

Additionally, Zions announced today that in accordance with the terms of the outstanding warrants to purchase common stock of Zions issued in May and October of 2010 (NASDAQ: ZIONW), the exercise price of the warrants has been reduced to approximately $35.76 per share from approximately $35.82 per share, and the warrant share multiplier has been increased to approximately 1.0243 from 1.0227, effective as of February 16, 2017.

These adjustments resulted from the payment of a dividend on the common stock of Zions in the amount of $0.08 per share paid on February 23, 2017, which is in excess of the dividend threshold amount of $0.01 per share per quarter in the terms of the warrants, and a trailing 10-day average price of Zions' common stock prior to the ex-dividend date of February 14, 2017. For further information, please see zionsbancorporation.com, under the heading Stock Information – Warrant Information.

Zions Bancorporation is one of the nation's premier financial services companies with total assets exceeding $60 billion. Zions operates under local management teams and unique brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. The company is a national leader in Small Business Administration lending and public finance advisory services, and is a consistent top recipient of Greenwich Excellence awards in banking. In addition, Zions is included in the S&P 500 and NASDAQ Financial 100 indices. Investor information and links to local banking brands can be accessed at zionsbancorp.com.