Qualification of Contingent Capital as Tier 1
Deutsche Bank (XETRA: DBKGn.DE/ NYSE: DB) has elected to qualify the following Contingent Capital transactions as Tier 1 capital:
Deutsche Bank Contingent Capital Trust IV
Deutsche Bank Contingent Capital Trust V
The effect of such qualification is that distributions on the securities will be made on a non-cumulative rather than cumulative basis from the current payment period onwards and that the securities will rank pari passu with Deutsche Bank’s other hybrid Tier 1 securities.
Distributions will continue to be paid at the same rate, namely 8.00% and 8.05% respectively, post qualification.
The rationale for the qualification is to further strengthen Deutsche Bank’s capital base.
For further information, please call:
Press and Media Relations
+49 69 910 43800 (Frankfurt)
+49 69 910 35395 (Frankfurt)
+1 212 250 7125 (New York)