Company: CFG-PE
Filing Date: 2025-07-22
Form Type: 424B2
Source: 0001193125-25-162273
Chunk: 62

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-07-22
Form: 424B2
Chunk 62
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.S. corporations. S-37

If you are a corporate non-U.S.holder, “effectively connected” dividends that you receive may, under certain circumstances, be subject to an additional “branch profits 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. Gain on Disposition or Redemption of the Series I Preferred Stock If you are a non-U.S.holder, you generally will not be subject to U.S. federal income tax on gain that you recognize on a disposition (including a redemption that is treated as a disposition) of the Series I Preferred Stock unless:

| • |     | the gain is “effectively connected” with your conduct of a trade or business in the United States, and                                                                                                                         
 the gain is attributable to a permanent establishment that you maintain in the United States, if that is required by an applicable income tax treaty as a condition for subjecting you to U.S. taxation on a net income basis; |

| • |     | you are an individual, you are present in the United States for 183 or more days in the taxable year of the 
 disposition and certain other conditions exist; or                                                          |

If you are a non-U.S.holder described in the first bullet point immediately above you will be subject to tax on the net gain derived from the disposition under regular graduated U.S. federal income tax rates. If you are a corporate non-U.S.holder, “effectively connected” gains that you recognize may also, under certain circumstances, be subject to an additional “branch profits 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. If you are an individual non-U.S.holder described in the second bullet point immediately above you will be subject to a flat 30% tax on the gain derived from the disposition, which may be offset by U.S.-source capital losses, even though you are not considered a resident of the United States. We have not been, are not and do not anticipate becoming a U.S. real property holding corporation for U.S. federal income tax purposes. As discussed above in “U.S. Holders—Redemption of the Series I Preferred Stock”, certain redemptions may be treated as dividends for U.S. federal income tax purposes. See “—Distributions on the Series I Preferred Stock”, above, for a discussion of the tax treatment of such