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# Citizens Financial Redeems All Series G Preferred Shares And Files To Erase The Class From Its Charter
- URL: https://www.bullished.co/citizens-financial-redeems-all-series-g-preferred-shares-and-files-to-erase-the-class-from-63e0fb52/
- Published: 2026-10-08T21:05:53.000Z
- Updated: 2026-10-08T21:05:53.000Z
- Description: An 8-K shows the 4.000% Series G preferred is gone, with a Delaware certificate removing it from the bank's charter.
- Author: Matteo Parrino
- Tags: SEC Filings, CFG, Industry: Financials

Citizens Financial Group redeemed every outstanding share of its 4.000% Series G preferred stock on Tuesday, according to an [8-K filed Thursday](https://www.sec.gov/Archives/edgar/data/0000759944/000075994426000192/cfg-20261006.htm?ref=bullished.co). The same day, it filed a Certificate of Elimination in Delaware that strips the class from its corporate charter.

## What the 8-K and the certificate say

The filing, made under Item 5.03 (changes to a company's charter), says the certificate went to Delaware's Secretary of State on October 6 and took effect on filing. It removed all terms set out in the Series G Certificate of Designations from the bank's Restated Certificate of Incorporation. The 8-K states that all outstanding Series G shares were redeemed on October 6.

The security's full name was 4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G. The [certificate, filed as Exhibit 3.1](https://www.sec.gov/Archives/edgar/data/0000759944/000075994426000192/cfg-seriesgpreferredstockr.htm?ref=bullished.co), says no Series G shares are outstanding and none will be issued under that designation.

The certificate also records the board's April 1, 2026 resolutions on the Series G stock. It says the elimination resolutions were "duly adopted upon the completion of the redemption." The filing does not give a redemption price or a reason for the timing.

## The class that was retired

Per the exhibit, a board committee authorized the Series G class on June 2, 2021, creating 300,000 shares. Each had a $1,000 liquidation preference (the amount owed to holders ahead of common shareholders if the company were wound up) and $25.00 par value. The certificate of designation was filed in Delaware on June 8, 2021.

The 8-K's cover page lists three other preferred series still registered on the New York Stock Exchange as depositary shares: Series E (5.000%), Series H (7.375%) and Series I (6.500%). Series G is not on that list.

## What it changes

For holders, Series G no longer exists as a security of the bank, and no shares can be reissued under it. The charter is cleaner: the Series G terms are gone from it.

Common stock closed at $64.09 on Thursday, up 1.62% (market data). The material does not tie that move to this filing.

The 8-K was signed Thursday by Pamela J. Brow, the company's Executive Vice President, Deputy General Counsel and Corporate Secretary.

### Sources

- [8-K Filing — CITIZENS FINANCIAL GROUP INC/RI (CFG)](https://www.sec.gov/Archives/edgar/data/0000759944/000075994426000192/cfg-20261006.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit cfg-seriesgpreferredstockr.htm — CITIZENS FINANCIAL GROUP INC/RI 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0000759944/000075994426000192/cfg-seriesgpreferredstockr.htm?ref=bullished.co) — SEC EDGAR