Financing ·
Citizens Financial Group is conducting a public offering of 16,000,000 depositary shares, each representing a 1/40th…
CFGCitizens Financial Group Inc
Citizens Financial Group is conducting a public offering of 16,000,000 depositary shares, each representing a 1/40th interest in its 6.500% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I. The new Series I shares carry a $1,000 per share liquidation preference and include provisions that restrict the payment of dividends on common stock and other junior preferred stock if Series I dividends are not fully paid.