FITBI

Fifth Third Bancorp preferred securities are a class of hybrid securities that have characteristics of both debt and equity, ranking senior to common stock but subordinate to senior debt in the company's capital structure. These securities typically pay fixed or floating dividends at specified rates and provide stable income to investors. Preferred shares generally do not carry voting rights but have priority over common stock for dividend payments and liquidation proceeds. Fifth Third has issued multiple series of preferred stock to strengthen its regulatory capital ratios and provide permanent capital to support banking operations. These instruments are often purchased by institutional investors seeking higher yields than traditional debt securities while accepting equity-like risks.