Company: CFG-PE
Filing Date: 2025-07-23
Form Type: 424B2
Source: 0001193125-25-163534
Chunk: 61

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-07-23
Form: 424B2
Chunk 61
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 your tax basis in the Series I Preferred Stock and thereafter would be treated as capital gain. If a redemption of the Series I Preferred Stock is treated as a distribution that is taxable as a dividend, you should consult with your own tax advisor regarding the allocation of your basis between the redeemed shares and any shares of Series I Preferred Stock (or any of our other shares) that you still hold (or are held by a person related to you). Non-U.S.Holders This section summarizes the material U.S. federal income tax consequences of the purchase, ownership and disposition of the Series I Preferred Stock by a non-U.S.holder. You are a non-U.S.holder if you are a beneficial owner of a share of the Series I Preferred Stock and you are, for U.S. federal income tax purposes:

| • |     | a nonresident alien individual; |

| • |     | a foreign corporation; or |

| • |     | an estate or trust that in either case is not subject to U.S. federal income tax on a net income basis on income 
 or gain from the Series I Preferred Stock.                                                                       |

Distributions on the Series I Preferred Stock Except as described below, if you are a non-U.S.holder of the Series I Preferred Stock, dividends (including any redemption treated as a dividend for U.S. federal income tax purposes as discussed above under “U.S. Holders—Redemption of the Series I Preferred Stock”) paid to you are subject to withholding of U.S. federal income tax at a 30% rate or at a lower rate if you are eligible for the benefits of an income tax treaty that provides for a lower rate. Even if you are eligible for a lower treaty rate, the applicable withholding agent will generally be required to withhold at a 30% rate (rather than the lower treaty rate) on dividend payments to you, unless you have furnished to such withholding agent:

| • |     | a valid Internal Revenue Service Form W-8BEN or W-8BEN-E, or an acceptable substitute form upon which you certify, under penalties of perjury, your status as a person who is not a U.S. person and your entitlement to the 
 lower treaty rate with respect to such payments; or                                                                                                                                                                         |

| • |     | in the case of payments made outside the United States to an offshore account (generally, an account maintained                                                                                                                                  
 by you at an office or branch of a bank or other financial institution at any location outside the United States), other documentary evidence