Company: CFG-PE
Filing Date: 2025-07-22
Form Type: 424B2
Source: 0001193125-25-162273
Chunk: 32

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-07-22
Form: 424B2
Chunk 32
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 other acquisitions of shares of junior stock in connection with (1) any                                                                                                                        
 employment contract, benefit plan or other similar arrangement with or for the benefit of any one or more employees, officers, directors or consultants or (2) a dividend reinvestment or stockholder stock purchase plan; |

| • |     | any declaration of a dividend in connection with any stockholders’ rights plan, or the issuance of rights,                      
 stock or other property under any stockholders’ rights plan, or the redemption or repurchase of rights pursuant to the plan; or |

| • |     | any dividend paid on junior stock in the form of stock, warrants, options or other rights where the dividend                                                                
 stock or the stock issuable upon exercise of such warrants, options or other rights is the same stock as that on which the dividend is being paid or is other junior stock. |

However, the foregoing will not restrict the ability of us or any of our affiliates to engage in any market-making transactions or purchases in connection with the distribution of securities in the ordinary course of business. If our board (or a duly authorized committee of the board) elects to declare only partial instead of full dividends for a dividend payment date and related dividend period on the shares of Series I Preferred Stock or any class or series of our stock that ranks on a parity with Series I Preferred Stock in the payment of current dividends, 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 (“ dividend parity stock”), then, to the extent permitted by the terms of the Series I Preferred Stock and each outstanding series of dividend parity stock, such partial dividends shall be declared on shares of the Series I Preferred Stock and dividend parity stock, and dividends so declared shall be paid, as to any such dividend payment date and related dividend period, in amounts such that the ratio of the partial dividends declared and paid on each such series to full dividends on each such series is the same. As used in this paragraph, “ full dividends” means, as to any dividend parity stock that bears dividends on a cumulative basis, the amount of dividends that would need to be declared and paid to bring such dividend parity stock current in dividends, including undeclared dividends for past dividend periods. To the extent a dividend period with respect to the Series I Preferred Stock or any series of dividend parity stock (in either case, the “ first series”) coincides with more than one dividend period with respect to