Company: CFG-PE
Filing Date: 2025-07-23
Form Type: 424B2
Source: 0001193125-25-163534
Chunk: 37

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-07-23
Form: 424B2
Chunk 37
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 for the holders of any junior stock, holders of Series I Preferred Stock will be entitled to receive out of our assets legally available for distribution to our stockholders ( i.e., after satisfaction of all our liabilities to creditors, if any) an amount equal to the stated amount per share, plus any dividends that have been declared but not paid prior to the date of payment of distributions to stockholders, without regard to any undeclared dividends (the “ liquidation preference”). If our assets are not sufficient to pay the liquidation preference in full to all holders of Series I Preferred Stock and all holders of any class or series of our stock that ranks on a parity with Series I Preferred Stock in the distribution of assets on liquidation, dissolution or winding up of the Company, including the Series B Preferred Stock, the Series C Preferred Stock, the Series E Preferred Stock, the Series F Preferred Stock, the Series G Preferred Stock and the Series H Preferred Stock (the “ liquidation preference parity stock”), the amounts paid to the holders of Series I Preferred Stock and to the holders of all liquidation preference parity stock shall be pro ratain accordance with the respective aggregate liquidation preferences of Series I Preferred Stock and all such liquidation preference parity stock. In any such distribution, the “ liquidation preference” of any holder of our stock other than the Series I Preferred Stock means the amount otherwise payable to such holder in such distribution (assuming no limitation on our assets available for such distribution), including an amount equal to any declared but unpaid dividends in the case of any holder or stock on which dividends accrue on a non-cumulativebasis and, in the case of any holder of stock on which dividends accrue on a cumulative basis, an amount equal to any unpaid, accrued, cumulative dividends, whether or not earned or declared, as applicable. If the liquidation preference has been paid in full to all holders of Series I Preferred Stock and all holders of any liquidation preference parity stock, the holders of junior stock will be entitled to receive all of our remaining assets according to their respective rights and preferences. S-21

For purposes of the liquidation rights, the merger, consolidation or other business
combination of us with or into any other corporation, including a transaction in which the holders of Series I Preferred Stock receive cash or property for their shares, or the sale, conveyance, lease, exchange or transfer (for cash, shares of
stock, securities or other consideration) of all or substantially all of our assets, shall not constitute a liquidation, dissolution