Citigroup announces full redemption of $1 billion in preferred stock on Nov. 15, 2026
C•Citigroup will redeem all $1 billion of its Series Y preferred stock on Nov. 15, 2026, with cash payments for 1 million depositary shares payable Nov. 16.
1. Redemption details
Citigroup will redeem all $1 billion of its 4.15% Fixed Rate Reset Noncumulative Preferred Stock, Series Y, on Nov. 15, 2026. Dividends will stop accruing on the redemption date, and the depositary shares will no longer be outstanding as of Nov. 16.
2. Payments to holders
Cash redemption payments for the 1 million depositary shares will total $1,000 per share and be payable Nov. 16, 2026. Holders of record on Nov. 6 will also receive the previously declared quarterly dividend of $10.375 per depositary share on Nov. 16.
