Citizens Financial issues 16M depositary shares of 6.5% Series I Preferred Stock

CITIZENS FINANCIAL GROUP INC/RI

Offering of 16,000,000 depositary shares (each 1/40th interest in a share of 6.500% Series I Preferred Stock, liquidation preference $1,000/share).
Underwriters: Morgan Stanley, BofA, JPMorgan, UBS, Wells Fargo, Citizens JMP.
Certificate of Designations filed; dividend restrictions on common and junior stock if Series I dividends not paid.
Offering closed July 31, 2025; aggregate liquidation preference approximately $400 million.

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