Citizens Financial Group Inc (New) | 5.000% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series E (CFG.PRE)
Prospectus excerpt: Citizens Financial Group, Inc. (ÙCitizensˆ) is offering 18,000,000 depositary shares (the ÙDepositary Sharesˆ), each of which represents a 1/40th ownership interest in a share of Citizens? 5.000% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series E, liquidation preference $1,000 per share (ÙSeries E Preferred Stockˆ) (equivalent to $25 per Depositary Share), deposited with Computershare Inc. and Computershare Trust Company, N.A., acting jointly as depositary. The Depositary Shares are evidenced by depositary receipts. Each holder of a Depositary Share will be entitled, through the depositary, to all the rights and preferences of the shares of Series E Preferred Stock represented thereby (including dividend, voting, redemption and liquidation rights) in proportion to the applicable fraction of a share of Series E Preferred Stock represented by such Depositary Share. Holders of Series E Preferred Stock will be entitled to receive dividend payments only when, as and if declared by our board of directors (or a duly authorized committee of the board). Any such dividends will be payable quarterly in arrears on January 6, April 6, July 6 and October 6 of each year, beginning on January 6, 2020. From the date of original issue, dividends will be payable at a rate of 5.000% per annum.
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