<div id="readability-page-1"><p>On December 22, 2025, HoldCo Asset Management, LP announced that it released a presentation to the Board of Directors of Comerica Inc. reiterating its recommendation for shareholders to vote no on the proposed merger of the Company with Fifth Third Bancorp. HoldCo stated that the Company's revised proxy disclosures confirm its concerns that the sale process was rushed and designed to neutralize a potential proxy contest, benefiting the CEO's compensation rather than maximizing shareholder value. In addition, HoldCo noted that while the proxy advisory firm ISS recommended the merger, it acknowledged HoldCo's role in prompting the sale process and the need for additional disclosures.</p></div>

<p>HoldCo 资产管理公司向 Comerica 董事会发布了一份报告，敦促股东投票反对与 Fifth Third Bancorp 的合并。HoldCo 批评了这一匆忙的出售过程，认为其更倾向于 CEO 的薪酬而非股东价值。尽管 ISS 建议支持合并，但也承认 HoldCo 在出售过程中的影响力以及需要更多的信息披露</p>

Holdco 资产管理公司向 Comerica 董事会发布了演示文稿