Citigroup to redeem USD 1.5 billion Series T preferred depositary shares Aug. 15, 2026 - C News | RalliesCitigroup to redeem USD 1.5 billion Series T preferred depositary shares Aug. 15, 2026
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C• Citigroup announces redemption of Series T preferred depositary shares
- Citigroup will fully redeem its USD 1.5 billion 6.250% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series T.
- Redemption set for Aug. 15, 2026; cash price USD 1,000 per Depositary Share, payable Aug. 17, 2026.
- Quarterly dividend will be paid to holders of record on a board-set date, payable on the redemption payment date.
- Dividends stop accruing on the redemption date; depositary shares will no longer be outstanding as of the payment date.
