secwatch.observer — SEC 8-K summary
======================================

Issuer:     CITIZENS FINANCIAL GROUP INC/RI (CFG)
CIK:        0000759944
Form:       8-K
Filed at:   2024-05-23T23:59:59+00:00
Accession:  0001193125-24-145975
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/759944/000119312524145975/0001193125-24-145975-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/759944/000119312524145975/d793166d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-145975

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer