7/103 sources · 3 publishersUpdated Nov 9, 22:28 UTC
Citigroup to Retire $1.0 Billion of Series Y Preferred Stock
+1 new source since this summary was written
Citigroup will retire its entire Series Y preferred-stock issue on November 15, 2026. The bank will pay $1,000 for each depositary share on November 16, 2026, and holders of record on November 6, 2026, will receive a final quarterly dividend of $10.375 per depositary share.
Why it matters
The redemption removes the Series Y securities from Citigroup’s outstanding capital structure after the payment date, and dividends will stop accruing from the redemption date. Citigroup said the action is intended to improve the efficiency of its funding and capital structure.
Key facts
- 1The redemption covers $1.0 billion of Citigroup’s Series Y preferred stock. northernnews.ca
- 2Citigroup set November 15, 2026, as the redemption date and November 16, 2026, as the payment date. northernnews.ca
- 3Each depositary share will be redeemed for $1,000. northernnews.ca
- 4Shareholders of record on November 6, 2026, will receive a final dividend of $10.375 per depositary share. northernnews.ca
- 5The securities represent 1/25th interests in the preferred stock. northernnews.ca
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.