BUSE · First Busey Corporation

This dividend declaration pertains to First Busey Corporation’s Series B preferred stock, a fixed-rate, non-cumulative, perpetual instrument. The $0.515625 per depositary share amount reflects the contractual 8.25% annual rate applied to the liquidation preference (implied at $25 per depositary share, standard for such structures, though not explicitly stated in the filing). As the dividend is non-cumulative, failure to declare or pay in any quarter extinguishes the obligation for that period, increasing risk for preferred holders relative to cumulative instruments. The perpetual nature means no mandatory redemption date exists, placing ongoing discretion with the Board regarding capital allocation. While consistent dividend payments support investor confidence in financial stability and governance discipline, the absence of cumulative features or maturity terms limits downside protection and long-term yield certainty. No exhibits are referenced, so no additional terms—such as optional redemption rights, change-of-control provisions, or regulatory capital treatment—are disclosed.