Citizens Financial Group, Inc. announced on October 6, 2025 that it had eliminated its Series F Preferred Stock by filing a Certificate of Elimination after redeeming all outstanding shares. The action removed the preferred equity layer from the company’s capital structure, simplifying its balance sheet and reducing the number of securities outstanding.
In addition to the preferred stock elimination, the company disclosed that it will fully redeem its 4.3% Fixed‑Rate Subordinated Notes due December 2025. The redemption is scheduled for completion in the near term, and the company has not yet specified a final settlement date, but the announcement confirms the intent to retire the debt.
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