Citizens Financial Group Announces Redemption of All Outstanding Shares of its Series F Preferred Stock
(NYSE:CFG) PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) today announced that it will redeem on October 6, 2025 (the “Redemption Date”) all outstanding shares of its 5.650% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F (CUSIP: 174610AU9; ISIN: US174610AU90) (the “Series F Preferred Stock”). All 400,000 shares of the Series F Preferred Stock currently outstanding will be redeemed on the Redemption Date. On and after the Redemption Date, no shares of Ser
Related Questions
What effect will the redemption of the Series F Preferred Stock have on Citizens Financial Group's cash reserves and capital structure?
How is the redemption likely to influence CFG's common stock price and dividend yield in the short term?
Does the redemption price present an arbitrage opportunity compared to the current market price of the preferred shares?