Company: CFG-PE
Filing Date: 2025-07-23
Form Type: 424B2
Source: 0001193125-25-163534
Chunk: 29

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-07-23
Form: 424B2
Chunk 29
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30 nor less than 10 days preceding such dividend payment date fixed for that purpose by our board (or a duly authorized committee of the board)
in advance of payment of each particular dividend. If any such date is not a business day, then such date will nevertheless be a dividend payment date, but dividends on the Series I Preferred Stock, when, as and if declared, will be paid on the next
succeeding business day (without adjustment in the amount of the dividend per share of Series I Preferred Stock).

We will not pay
interest or any sum of money instead of interests on any dividend payment date that may be in arrears on the Series I Preferred Stock.

“Dividend period” means each period from and including a dividend payment date (except that the initial dividend period shall
commence on and include the date of original issue of the Series I Preferred Stock) and continuing to but not including the next succeeding dividend payment date.

A “business day” means any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which banking
institutions are authorized or required by law or regulation to close in The City of New York.

The amount of the dividend per share of
the Series I Preferred Stock will be calculated for each dividend period (or portion thereof) on the basis of a 360-day year consisting of twelve 30-day months.

Dividends on shares of the Series I Preferred Stock will not be cumulative and will not be mandatory. If our board (or a duly authorized
committee of the board) does not declare a dividend on the Series I Preferred Stock in respect of a dividend period, then holders of Series I Preferred Stock shall not be entitled to receive any dividends not declared by the board (or a duly
authorized committee of the board) and no interest, or sum of money in lieu of interest, shall be payable in respect of any dividend not so declared, whether or not our board (or a duly authorized committee of the board) declares a dividend on the
Series I Preferred Stock or any other series of our preferred stock or on our common stock for any future dividend period.

The
“Five-year U.S. Treasury Rate” means, as of any reset dividend determination date, as applicable, (i) the average of the yields on actively traded U.S. treasury securities adjusted to constant maturity, for five-year
maturities, for the five business days appearing (or, if fewer than five business days appear, such number of business days appearing)