<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 資產管理公司向 Comerica 董事會發布了一份報告，敦促股東投票反對與 Fifth Third Bancorp 的合併。HoldCo 批評了這一匆忙的出售過程，認為其更傾向於 CEO 的薪酬而非股東價值。儘管 ISS 建議支持合併，但也承認 HoldCo 在出售過程中的影響力以及需要更多的信息披露</p>

Holdco 資產管理公司向 Comerica 董事會發布了演示文稿