Company: CFG-PE
Filing Date: 2025-07-23
Form Type: 424B2
Source: 0001193125-25-163534
Chunk: 60

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-07-23
Form: 424B2
Chunk 60
---
 by you will be eligible for the dividends-received deduction if you meet certain holding period and other applicable requirements. If you are a non-corporateU.S. holder, dividends paid to you will qualify for taxation at preferential rates applicable to “qualified dividends” if you meet certain holding period and other applicable requirements. U.S. holders should consult their own tax advisers regarding the availability of the reduced qualified dividend tax rate in light of their particular circumstances. Sale or Exchange of the Series I Preferred Stock Other than by Redemption If you sell or otherwise dispose of your Series I Preferred Stock (other than by redemption), you will generally recognize capital gain or loss equal to the difference between the amount realized upon the disposition and your adjusted tax basis of the Series I Preferred Stock. Capital gain of a non-corporateU.S. holder is generally taxed at preferential rates where the holder has a holding period greater than one year. Redemption of the Series I Preferred Stock Redemption of your Series I Preferred Stock generally would be a taxable event. You would be treated as if you had sold your Series I Preferred Stock if the redemption:

| • |     | results in a complete termination of your stock interest in us; or |

| • |     | is not essentially equivalent to a dividend with respect to you. |

In determining whether either of these tests has been met, shares of Series I Preferred Stock or other classes of our stock considered to be owned by you by reason of certain constructive ownership rules set forth in Section 318 of the Internal Revenue Code, as well as any such shares actually owned, must be taken into account under certain circumstances. If we redeem your Series I Preferred Stock in a redemption that meets one of the tests listed above, you generally would recognize taxable gain or loss equal to the amount of cash received by you less your tax basis in the Series I Preferred Stock redeemed. This gain or loss would be long-term capital gain or capital loss if you have held the Series I Preferred Stock for more than one year. Because the determination as to whether any of the alternative tests listed above is satisfied with respect to any particular holder will depend upon the facts and circumstances as of the time the determination is made, you should consult your tax advisor regarding the treatment of a redemption. If a redemption does not meet any of the tests described above, you generally would be taxed on the cash you receive as a dividend to the extent paid out of our current and accumulated earnings and profits. Any amount S-36

in excess of our current or accumulated earnings and profits would first reduce