---
schema_version: "secwatch.filing_event.v1"
accession: "0000759944-24-000098"
form_type: "8-K"
ticker: "CFG"
cik: "0000759944"
company_name: "CITIZENS FINANCIAL GROUP INC/RI"
filed_at: "2024-05-16T23:59:59+00:00"
generated_at: "2026-06-01T22:08:53.815365+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Citizens Financial launches proposed public offering of Series H preferred stock to redeem Series D preferred

## Summary
- Announced offering of new Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series H, subject to market conditions.
- Intends to use net proceeds to redeem all outstanding 6.350% Series D Preferred Stock ($1,000 liquidation preference per share) on July 8, 2024.
- Corresponding Series D Depositary Shares (CFG PrD) would also be redeemed if offering closes.
- No assurance that the offering will price or that redemption will occur; company will announce decision via press release.

## SEC filing metadata
- accession: 0000759944-24-000098
- form_type: 8-K
- ticker: CFG
- cik: 0000759944
- company_name: CITIZENS FINANCIAL GROUP INC/RI
- filed_at: 2024-05-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/759944/000075994424000098/0000759944-24-000098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/759944/000075994424000098/cfg-20240516.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000759944-24-000098
- JSON: https://secwatch.observer/filing/0000759944-24-000098.json
- Plain text: https://secwatch.observer/filing/0000759944-24-000098.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.