secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS FINANCIAL GROUP INC/RI (CFG)
CIK:        0000759944
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0000759944-24-000098
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/759944/000075994424000098/0000759944-24-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/759944/000075994424000098/cfg-20240516.htm
  HTML page:      https://secwatch.observer/filing/0000759944-24-000098

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