Company: CMA
Filing Date: 2025-11-25
Form Type: DEFM14A
Source: 0001193125-25-297173
Chunk: 33

Company: COMERICA INC
Filing Date: 2025-11-25
Form: DEFM14A
Chunk 33
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 Comerica depositary                                                                                                   
 shares are not entitled to appraisal or dissenters’ rights under the DGCL. For more information, see the section entitled “The Mergers — Appraisal or Dissenters’ Rights in the First Merger” beginning on 
 page 118.                                                                                                                                                                                                  |

| Q: | Are there any risks that I should consider in deciding whether to vote for the adoption or approval, as      
 applicable, of the proposals to be voted on at the Fifth Third special meeting and Comerica special meeting? |

| A: | Yes. You should read and carefully consider the risk factors set forth in the section entitled                                                                                                                    
 “Risk Factors” beginning on page 50. You also should read and carefully consider the risk factors of Fifth Third and Comerica contained in the documents that are incorporated by reference into this joint proxy 
 statement/prospectus.                                                                                                                                                                                             |

| Q: | What are the material U.S. federal income tax consequences of the first merger to holders of Comerica common 
 stock?                                                                                                       |

| A: | The first merger is intended to qualify as a “reorganization” within the meaning of                                            
 Section 368(a) of the Internal Revenue Code of 1986, as amended (the “Code”). It is a condition to Fifth Third’s obligation to |

14

| effect the first merger that Fifth Third receives an opinion from Sullivan & Cromwell LLP, dated as of the closing date, to the effect that the first merger will qualify as a                                                                            
 “reorganization” within the meaning of Section 368(a) of the Code, and it is a condition to Comerica’s obligation to effect the first merger that Comerica receives an opinion from Wachtell, Lipton, Rosen & Katz, dated                                 
 as of the closing date, to the effect that the first merger will qualify as a “reorganization” within the meaning of Section 368(a) of the Code. Accordingly, U.S. holders (as defined in the section entitled “Material U.S.                             
 Federal Income Tax Consequences of the First Merger”) of Comerica common stock and U.S. holders of Comerica preferred stock generally will not recognize any gain or loss for U.S. federal income tax purposes on the exchange of Comerica                
 common stock for Fifth Third common stock or Comerica preferred stock (or depositary shares in respect thereof) for Fifth Third preferred stock, as applicable, in the first merger, except for any gain or