Company: CMA
Filing Date: 2025-12-15
Form Type: PX14A6G
Source: 0000921895-25-003340
Chunk: 2

Company: COMERICA INC
Filing Date: 2025-12-15
Form: PX14A6G
Chunk 2
---
.: Look What You’ve Done”, dated November 17, 2025, and “To The Board
of Directors of Comerica Inc.: We Echo Mayo – If Not Now, Then When?”, dated July 28, 2025, which are referenced in HoldCo’s
December 2025 presentation, can be found at the following links:

https://holdcoam.co/CMA_Nov17

https://holdcoam.com/wp-content/uploads/Comerica.pdf

HoldCo Asset Management, LP is an investment
adviser located in Fort Lauderdale, Florida. HoldCo was founded by Vik Ghei and Misha Zaitzeff. HoldCo currently has approximately $2.6
billion of regulatory assets under management.

Disclaimer

As of the publication date of this report,
a fund managed by HoldCo has a long position in Comerica Inc. through ownership of its common stock. HoldCo may change its views about
its investment positions in Comerica Inc. at any time, for any reason or no reason, and at any time may change the form or substance of
any of its related or unrelated investment positions. If it does so, it will not be under obligation to inform anyone and does not intend
to do so unless required by law.

All content in this press release and referenced
presentations represent the opinions of HoldCo and are for discussion and general information purposes only. HoldCo has obtained all information
herein from publicly available sources, and such information is presented “as is,” without warranty of any kind whether express
or implied. All data and other information are not warranted as to completeness or accuracy and reflect HoldCo’s views as of this
date, all of which are accordingly subject to change without notice.

This document is not intended to be, nor should
it be construed as, a marketing or solicitation vehicle for HoldCo or any fund managed by HoldCo, and it is not investment advice, an
investment recommendation, or an offer to buy or sell or the solicitation of an offer to buy or sell any securities, including without
limitation any interests in a fund managed by and/or associated with HoldCo. Any offer or solicitation may only be made pursuant to a
private placement memorandum, agreement of limited partnership, or similar or related documents, which will only be provided to qualified
offerees and should be reviewed carefully and in their entirety by any such offerees prior to making or considering a decision to invest
in any