Company: CMA
Filing Date: 2025-11-25
Form Type: DEFM14A
Source: 0001193125-25-297173
Chunk: 34

Company: COMERICA INC
Filing Date: 2025-11-25
Form: DEFM14A
Chunk 34
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 loss that may result to a U.S. holder of      
 Comerica common stock from the receipt of cash instead of a fractional share of Fifth Third common stock. You should be aware that the tax consequences to you of the first merger may depend upon your own situation. In addition, you may be subject to 
 state, local or foreign tax laws that are not discussed in this joint proxy statement/prospectus. You should therefore consult with your own tax advisor for a full understanding of the tax consequences to you of the first merger.                     |

For a more complete discussion of the material U.S. federal income tax consequences of the first merger, see the section entitled “ Material U.S. Federal Income Tax Consequences of the First Merger” beginning on page 137.

| Q: | When are the mergers expected to be completed? |

| A: | Fifth Third and Comerica expect the mergers to close during the first quarter of 2026. However, neither                                                                                                                                 
 Fifth Third nor Comerica can predict the actual date on which the mergers will be completed, or if the mergers will be completed at all, because completion is subject to conditions and factors outside the control of both companies. |

Fifth Third must obtain the requisite Fifth Third vote, and Comerica must obtain the requisite Comerica vote. Fifth Third and Comerica must also obtain necessary regulatory approvals and satisfy certain other closing conditions. Fifth Third and Comerica expect the first merger to be completed promptly once Fifth Third and Comerica have obtained their requisite votes noted above, have obtained necessary regulatory approvals and have satisfied certain other closing conditions.

| Q: | What are the conditions to complete the first merger? |

| A: | The obligations of Fifth Third and Comerica to complete the first merger are subject to the satisfaction                                                                                                                                             
 or waiver of certain closing conditions contained in the merger agreement, including the receipt of required regulatory approvals and the expiration of all statutory waiting periods without the imposition of any materially burdensome regulatory 
 condition, tax opinions, approval by Fifth Third voting shareholders of the Fifth Third stock issuance proposal and adoption by Comerica stockholders of the Comerica merger proposal. For more information, see “The Merger Agreement —             
 Conditions to Complete the First Merger” beginning on page 119.                                                                                                                                                                                      |

| Q: | What happens if the first merger is not completed? |

| A: | If the first merger is not completed, Comerica stockholders will not receive any consideration for their