Fifth Third Bancorp Announces Conversion of Shares of Series G Preferred and Cash Dividend on Its Series G Preferred

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (“Fifth Third;” Nasdaq: FITB) today announced that the board of directors has authorized the conversion into Fifth Third’s common stock, no par value (“Common Stock”), of all outstanding shares of Fifth Third’s 8.50% Non-Cumulative Convertible Perpetual Preferred Stock, Series G (“Series G Preferred Stock”), which shares are represented by depositary shares each representing 1/250th of a share of Series G Preferred Stock (“Depositary Shares”), pursuant to the Amended Articles of Incorporation of Fifth Third Bancorp, as amended (“Articles”).