Citizens Financial Group Announces Redemption of All Outstanding Depositary Shares Representing Interests in Series D Preferred Stock
24 5월 2024 - 1:18AM
Business Wire
Citizens Financial Group, Inc. (NYSE: CFG) today announced the
redemption on July 8, 2024 (the “Redemption Date”) of 12,000,000
depositary shares (NYSE: CFG PrD; CUSIP: 174610204; ISIN:
US1746102045) (the “Depositary Shares”) representing interests in
CFG’s 6.350% Fixed-to-Floating Rate Non-Cumulative Perpetual
Preferred Stock, Series D (the “Series D Preferred Stock”). Each
Depositary Share represents a 1/40th interest in a share of the
Series D Preferred Stock. All 12,000,000 Depositary Shares
currently outstanding will be redeemed on the Redemption Date. On
and after the Redemption Date, no Depositary Shares or shares of
Series D Preferred Stock will remain outstanding and dividends in
respect of the Series D Preferred Stock will no longer accrue.
The Depositary Shares will be redeemed at a redemption price of
$25 per Depositary Share (equivalent to $1,000 per share of Series
D Preferred Stock) (the “Redemption Price”). Because the Redemption
Date is a dividend payment date for the Series D Preferred Stock,
the Redemption Price does not include declared and unpaid
dividends. The regular quarterly dividend on the Depositary Shares
was separately declared and will be paid separately on July 8, 2024
to holders of record on the record date for such dividend payment
in the customary manner.
Simultaneously with the redemption of the Series D Preferred
Stock, the outstanding Depositary Shares will be redeemed on the
Redemption Date in accordance with the applicable procedures of
Computershare Trust Company, N.A. and Computershare Inc.
(collectively, “Computershare”), for an amount per Depositary Share
equal to the Redemption Price. All Depositary Shares are held in
book-entry form through Computershare and will be redeemed in
accordance with the procedures of Computershare. Computershare’s
address is as follows:
First Class/Registered/Certified
150 Royall Street Canton, MA 02021 1-877-373-6374
Investors in the Depositary Shares should contact the bank or
broker through which they hold a beneficial interest in the
Depositary Shares for information about obtaining the Redemption
Price for the shares of Depositary Shares in which they have a
beneficial interest.
About Citizens Financial Group,
Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and
largest financial institutions, with $220.4 billion in assets as of
March 31, 2024. Headquartered in Providence, Rhode Island, Citizens
offers a broad range of retail and commercial banking products and
services to individuals, small businesses, middle-market companies,
large corporations and institutions. Citizens helps its customers
reach their potential by listening to them and by understanding
their needs in order to offer tailored advice, ideas and solutions.
In Consumer Banking, Citizens provides an integrated experience
that includes mobile and online banking, a full-service customer
contact center and the convenience of approximately 3,300 ATMs and
more than 1,000 branches in 14 states and the District of Columbia.
Consumer Banking products and services include a full range of
banking, lending, savings, wealth management and small business
offerings. In Commercial Banking, Citizens offers a broad
complement of financial products and solutions, including lending
and leasing, deposit and treasury management services, foreign
exchange, interest rate and commodity risk management solutions, as
well as loan syndication, corporate finance, merger and
acquisition, and debt and equity capital markets capabilities. More
information is available at www.citizensbank.com or visit us on X
(formerly Twitter), LinkedIn or Facebook.
Forward-Looking Statements
“Safe Harbor” Statement within the meaning of the Private
Securities Litigation Reform Act of 1995: This communication
contains “forward-looking statements” — that is, statements related
to future, not past, events. In this context, forward-looking
statements often address our expected future business and financial
performance and financial condition, and often contain words such
as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,”
“see,” “will,” “would,” or “target.” Forward-looking statements by
their nature address matters that are, to different degrees,
uncertain. Uncertainties that could cause our actual results to be
materially different than those expressed in our forward-looking
statements include the failure to consummate this transaction or to
make or take any filing or other action required to consummate any
such transaction on a timely matter or at all. These or other
uncertainties may cause our actual future results to be materially
different from those expressed in our forward-looking
statements.
CFG-IR
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version on businesswire.com: https://www.businesswire.com/news/home/20240523110146/en/
Media: Peter Lucht - 781.655.2289
Investors: Kristin Silberberg - 203.900.6854
Citizens Financial (NYSE:CFG)
과거 데이터 주식 차트
부터 8월(8) 2024 으로 9월(9) 2024
Citizens Financial (NYSE:CFG)
과거 데이터 주식 차트
부터 9월(9) 2023 으로 9월(9) 2024