Citigroup stock set for USD 1.0 billion Series Y redemption
Published on 11/12/2026 at 13:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points for investors
- Citigroup will redeem all Series Y preferred stock on November 15, 2026.
- Eligible holders are scheduled to receive the redemption payment and quarterly dividend on November 16, 2026.
- The transaction is part of Citi's effort to improve funding and capital-structure efficiency.
Citigroup Inc. announced on Monday, November 9, that it will fully redeem its Series Y preferred stock, according to a Citigroup release. The action covers the entire USD 1.0 billion liquidation preference of the 4.150% Fixed Rate Reset Noncumulative Preferred Stock, Series Y.
Redemption terms and payment date
The redemption date is Sunday, November 15, 2026. Citigroup said the cash redemption price will be USD 1,000 for each depositary share. The payment is scheduled for Monday, November 16, the next business day after the redemption date.
The transaction covers 1,000,000 depositary shares. Each depositary share represents a one-twenty-fifth interest in a Series Y preferred share. Holders of record on November 6 are also scheduled to receive the previously declared quarterly dividend of USD 10.375 per depositary share on the payment date.
What changes for preferred holders
Dividends will stop accruing on the preferred stock from the redemption date. After the payment is made, the depositary shares representing the redeemed securities will no longer be outstanding. Computershare Trust Company is acting as the paying agent.
Citigroup said the redemption reflects its ongoing effort to improve the efficiency of its funding and capital structure. The company cited factors that can influence redemption decisions, including economic value, regulatory changes, borrowing costs, potential effects on net interest margin, the remaining tenor of its debt portfolio, capital considerations and overall market conditions.
Citigroup stock and investor watchpoints
The transaction concerns preferred securities rather than Citigroup's common shares. For investors in the common stock, the key near-term dates are the November 15 redemption and the November 16 cash payment. The release does not provide a forecast for earnings, revenue or common-stock performance in connection with the transaction.
Citigroup stock traded at 112.44 euros on Lang & Schwarz at 13:09 CET on Thursday, November 12, 2026.
Citigroup Inc. at a glance
- Company: Citigroup Inc.
- ISIN: US1729674242
- Ticker: C
- Home exchange: New York Stock Exchange
- Lang & Schwarz price: 112.44 euros
- Quote time: Thursday, November 12, 2026, 13:09 CET
US banking shares remain sensitive to interest-rate expectations, funding costs and capital requirements; investors can follow the S&P 500 market environment for the broader equity backdrop.
