Citizens Monetary Team Announces Pricing of $300 Million Preferred Inventory Supplying

PROVIDENCE, R.I.–(Organization WIRE)–Citizens Financial Team, Inc. (NYSE: CFG) right now introduced the pricing of an presenting of 300,000 shares of its 4.000% fixed-rate reset non-cumulative perpetual Collection G Most well-liked Inventory, liquidation choice $1,000 per share (the “Series G Chosen Stock”) at an combination providing selling price of $300 million.

CFG intends to use a portion of the net proceeds from the sale of the Collection G Desired Inventory to redeem all outstanding shares of its Collection A Non-Cumulative Perpetual Desired Stock, $1,000 liquidation desire per share, on the dividend payment day on July 6, 2021. The Series G Desired Inventory offering is predicted to close on June 11, 2021, subject to customary closing situations.

BofA Securities, Inc., Barclays Funds Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are performing as joint book-operating professionals for the Series G Favored Inventory offering.

The Sequence G Favored Stock providing is being produced pursuant to an effective shelf registration statement, which include a prospectus, submitted by CFG with the U.S. Securities and Trade Fee (“SEC”). Ahead of investing, buyers need to browse the prospectus in that registration assertion, the relevant prospectus supplement and other paperwork CFG has filed with the SEC for additional finish information and facts about CFG and the Sequence G Most well-liked Stock featuring. These paperwork may possibly be acquired for totally free by browsing the SEC web-site at www.sec.gov. Alternatively, the Issuer, any underwriter or any seller collaborating in the Collection G Desired Inventory supplying will set up to deliver you the prospectus contained in the registration assertion, with each other with the related prospectus dietary supplement, if you ask for it by calling BofA Securities, Inc. toll-no cost at (800) 294-1322 or by electronic mail at [email protected]), Barclays Capital Inc. toll-absolutely free at 1-888-603-5847, J.P. Morgan Securities LLC at 1-212-834-4533 or Morgan Stanley & Co. LLC at 1-866-718-1649.

This push release is for informational reasons only and does not constitute an present to promote, or a solicitation of an give to obtain, the Series G Chosen Stock, nor shall there be any sale of the Series G Most popular Inventory in any state or jurisdiction in which these kinds of an supply, solicitation or sale would be illegal prior to registration or qualification beneath the securities rules of any this kind of point out or jurisdiction.

About Citizens Economical Group, Inc.

Citizens Money Group, Inc. is just one of the nation’s oldest and most significant financial establishments, with $187.2 billion in property as of March 31, 2021. Headquartered in Providence, Rhode Island, Citizens gives a broad vary of retail and commercial banking products and companies to persons, modest businesses, center-sector companies, large firms and institutions. Citizens helps its buyers get to their probable by listening to them and by knowing their desires in buy to give tailor-made suggestions, tips and options. In Purchaser Banking, Citizens presents an built-in encounter that involves cell and on the net banking, a 24/7 shopper make contact with middle and the ease of close to 3,000 ATMs and roughly 1,000 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Purchaser Banking items and solutions include a comprehensive variety of banking, lending, cost savings, prosperity management and tiny business enterprise choices. In Professional Banking, Citizens provides a wide complement of monetary items and methods, together with lending and leasing, deposit and treasury management services, overseas trade, fascination fee and commodity risk management solutions, as properly as personal loan syndication, corporate finance, merger and acquisition, and personal debt and fairness capital marketplaces abilities.

Cautionary Note on Ahead-On the lookout Statements

This conversation consists of “forward-seeking statements” within just the that means of the U.S. Personal Securities Litigation Reform Act of 1995, which include statements relating to the completion of, and the use of proceeds from, the Series G Most well-liked Stock providing, such as the redemption of the Sequence A Most popular Inventory. These statements are based on the Company’s existing beliefs and anticipations and are matter to major dangers and uncertainties (some of which are outside of the Company’s command). Actual results might differ, probably materially, from those people expressed or implied as a result of these pitfalls and uncertainties, together with, but not limited to, the risk factors and other uncertainties established forth less than “Risk Factors” commencing on site 21 of the Company’s Yearly Report on Kind 10-K for the 12 months finished December 31, 2020.

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