Company: CMA
Filing Date: 2025-11-25
Form Type: DEFM14A
Source: 0001193125-25-297173
Chunk: 17

Company: COMERICA INC
Filing Date: 2025-11-25
Form: DEFM14A
Chunk 17
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 cent) determined by multiplying the average closing sale price determined by multiplying (i) the average closing-sale price per share of Fifth Third common stock on NASDAQ, as reported by The Wall Street Journalfor the consecutive period of five (5) full trading days ending on the trading day immediately preceding (but not including) the day on which the first merger is completed by (ii) the fraction of a share (after taking into account all shares of Comerica common stock held by such holder immediately prior to the effective time of the first merger and rounded to the nearest one-thousandthwhen expressed in decimal) of Fifth Third common stock that such shareholder would otherwise be entitled to receive.

| Q: | What will holders of Comerica preferred stock or Comerica depositary shares receive in the first merger? |

| A: | In the first merger, each share of Comerica preferred stock issued and outstanding immediately prior to                                                                                                                                     
 the effective time will automatically be converted into the right to receive one (1) share of new Fifth Third preferred stock, having terms that are not materially less favorable than the terms of the Comerica preferred stock, and each 
 outstanding Comerica depositary share will be automatically converted into a new Fifth Third depositary share, representing a 1/40th interest in the new Fifth Third preferred stock.                                                       |

For more information, see the section entitled “ Description of New Fifth Third Preferred Stock” beginning on page 150.

| Q: | What will Fifth Third common shareholders receive in the first merger? |

| A: | Fifth Third common shareholders will not receive any consideration in the first merger, and their shares                                                  
 of Fifth Third common stock will remain outstanding. Following the first merger, shares of Fifth Third common stock will continue to be traded on NASDAQ. |

| Q: | Will the value of the Comerica merger consideration change between the date of this joint proxy 
 statement/prospectus and the time the first merger is completed?                                |

| A: | Yes. Although the number of shares of Fifth Third common stock that holders of Comerica common stock                                                                                                                                                    
 will receive is fixed, the value of the Comerica merger consideration will fluctuate between the date of this joint proxy statement/prospectus and the completion of the first merger based upon the closing-sale price per share of Fifth Third common 
 stock. Any fluctuation in the closing price of Fifth Third common stock will not affect the number of shares of Fifth Third common stock that holders of Comerica common stock