CFG Jul 2024 37.500 put
| Previous close | 2.0000 |
| Open | 1.6000 |
| Bid | 2.4500 |
| Ask | 2.5500 |
| Strike | 37.50 |
| Expiry date | 2024-07-19 |
| Day's range | 1.6000 - 2.0000 |
| Contract range | N/A |
| Volume | |
| Open interest | 480 |
Business WireCitizens Financial Group Announces Redemption of All Outstanding Depositary Shares Representing Interests in Series D Preferred Stock
PROVIDENCE, R.I., May 23, 2024--Citizens Financial Group, Inc. (NYSE: CFG) today announced the redemption on July 8, 2024 (the "Redemption Date") of 12,000,000 depositary shares (NYSE: CFG PrD; CUSIP: 174610204; ISIN: US1746102045) (the "Depositary Shares") representing interests in CFG’s 6.350% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D (the "Series D Preferred Stock"). Each Depositary Share represents a 1/40th interest in a share of the Series D Preferred Stock.
Barrons.comCiti, Other Banks, Offer Sweet Deals: Preferred Stock at 7% Yields
The deals offer a nice premium relative to the 4.6% available on 30-year Treasury debt. Tax benefits add to the appeal.
BloombergCitizens Joins Regional Banks Turning to Preferred Retail Market
(Bloomberg) -- Citizens Financial Group Inc. is looking to raise capital with a previously out-of-favor type of preferred shares that is now staging a comeback among US regional banks.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’With a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceJamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’Dow Average Touches 40,000 Before Pulling Back:
