Citizens Financial Group issues 16M depositary shares of 7.375% Series H Preferred Stock

CITIZENS FINANCIAL GROUP INC/RI

Public offering of 16,000,000 depositary shares, each representing 1/40th interest in a share of 7.375% fixed-rate non-cumulative perpetual preferred stock, Series H.
Underwriting agreement signed May 16, 2024 with Morgan Stanley, BofA, J.P. Morgan, UBS, Wells Fargo, and Citizens JMP.
Certificate of Designations filed May 17, 2024, establishing preferences and restrictions on common dividends if Series H dividends unpaid.
Liquidation preference of $1,000 per share of Series H; issuance effective May 23, 2024.

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