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Citizens Financial to Redeem All Outstanding Shares of Series G Preferred Stock

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Citizens Financial (CFG) said Tuesday it will redeem all outstanding shares of its 4.000% fixed-rate reset non-cumulative perpetual preferred stock, series G on Oct. 6.

The preferred stock will be redeemed at a price of $1,000 per share, according to the company.

Following the redemption date, no shares of series G preferred stock will remain outstanding and dividends related to the preferred stock will no longer accrue, Citizens Financial further said.

Price: $68.47, Change: $-0.40, Percent Change: -0.58%

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