Citigroup Announces Full Redemption of Series Y Preferred Stock
Business Wire•09/11/2026•16:15 ET
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Key Highlights
- ➤Citigroup to redeem all $1.0 billion of Series Y preferred stock
- ➤Redemption date set for November 15, 2026
- ➤Cash redemption price is $1,000 per depositary share
- ➤Record holders receive $10.375 quarterly dividend on November 16, 2026
- ➤Dividends stop accruing after the redemption date
Citigroup Announces Full Redemption of Series Y Preferred Stock
Citigroup Inc. is redeeming, in whole, all $1.0 billion aggregate liquidation preference of 1,000,000 Depositary Shares each representing a 1/25(th) interest in its 4.150% Fixed Rate Reset Noncumulative Preferred Stock, Series Y (the “Preferred Stock”).
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