Item 8.01. Other Events.

On January 20, 2021, Truist Financial Corporation ("Truist") issued a press release announcing that it will redeem all outstanding shares of its 5.200% Series F Non-Cumulative Perpetual Preferred Stock ("Series F Preferred Stock") and the corresponding depositary shares representing fractional interests in the Series F Preferred Stock ("Series F Depositary Shares"). Truist will also redeem all outstanding shares of its 5.200% Series G Non-Cumulative Perpetual Preferred Stock ("Series G Preferred Stock") and the corresponding depositary shares representing fractional interests in the Series G Preferred Stock ("Series G Depositary Shares").

The Series F Depositary Shares (NYSE: TFC.PF, CUSIP: 89832Q851), each representing a 1/1,000th interest in a share of Series F Preferred Stock, and the Series G Depositary Shares (NYSE: TFC.PG, CUSIP: 89832Q844), each representing a 1/1,000th interest in a share of Series G Preferred Stock, will be redeemed simultaneously with the redemption of the Series F Preferred Stock and Series G Preferred Stock, respectively, in each case at a redemption price of $25 per depositary share (equivalent to $25,000 per share of preferred stock). All 18 million outstanding Series F Depositary Shares, and all 20 million outstanding Series G Depositary Shares, will be redeemed on the dividend payment date of March 1, 2021.

Regular dividends, when and if declared, on the outstanding shares of the Series F Preferred Stock and Series G Preferred Stock will be paid separately to holders of record on the applicable record date. On and after the redemption date, all dividends on the shares of Series F Preferred Stock and Series G Preferred Stock will cease to accrue.

A copy of the press release is attached as Exhibit 99.1 hereto and incorporated by reference into this Item 8.01.

Item 9.01. Financial Statements and Exhibits.




(d)  Exhibits.



Exhibit
  No.       Description of Exhibit

99.1          Press release dated January 20, 2021.

104         The cover page from this Current Report on Form 8-K, formatted in
            Inline XBRL.

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