NYSE:CFGBanks
What Citizens Financial Group (CFG)'s Series F Preferred Stock Redemption Means for Shareholders
Citizens Financial Group announced the upcoming redemption of all outstanding shares of its 5.650% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F, scheduled for October 6, 2025, at a redemption price of US$1,000 per share with dividends ceasing thereafter.
This buyback of the preferred shares represents a shift in the company’s capital structure that may influence both income-focused investors and the bank’s future flexibility.
We’ll now explore how this preferred stock...