Chase Manhattan Corp. has filed with the Securities and Exchange Commission to set up a trust that would issue up to $500 million in tax-advantaged preferred stock.

The trust would use the proceeds to purchase junior subordinated debt from the parent company, the SEC filing said.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.