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Market Incident

Public · Developing

AI compiled from Infoway · 3 analyzed stories

Citigroup Announces Full Redemption of Series Y Preferred Stock

Citigroup announced it will redeem all $1.0 billion of its Series Y preferred stock on November 15, 2026. Holders will receive $1,000 per depositary share on November 16, plus a previously declared quarterly dividend of $10.375 per share if recorded on November 6.

Published:

Updated:

What happened

Citigroup said it will redeem all $1.0 billion of its Series Y preferred stock on November 15, 2026. Holders will receive $1,000 per depositary share on November 16. Holders recorded on November 6 will also receive a previously declared quarterly dividend of $10.375 per share.

Global impact / market context

The announcement sets out how and when holders will be paid. It matters to people who own these shares, but the supplied information does not show how the news affects Citigroup or the wider market.

What to watch

  1. Check whether Citigroup provides further redemption details, because the initial report did not give terms.
  2. Check the November 6 holder record date, because it determines who receives the previously declared dividend.
  3. Check whether Citigroup confirms the November 15 redemption and November 16 payment, because those dates affect when holders get their money.

Affected assets

  • Citigroup 4.150% Fixed Rate Reset Noncumulative Preferred Stock, Series Y
  • Citigroup Inc. common stock

Evidence