Citigroup stock: Citi sets USD 1.0 billion Series Y redemption

Published on 11/13/2026 at 16:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Citigroup stock faces a scheduled Series Y preferred-stock redemption on November 15. Holders are due cash and a quarterly dividend on November 16.

Preferred Stock Redemption Timeline

Citigroup announced the full redemption of its Series Y preferred stock on November 9.
The redemption date is November 15, with cash payment and the final quarterly dividend scheduled for November 16.
The transaction concerns preferred securities, while the common stock remains separately traded.

Citigroup Inc., US1729674242, Illustration mit AI erstellt.

Citigroup Inc. said on November 9 that it will fully redeem its Series Y preferred stock, removing a USD 1.0 billion instrument from its funding structure. The redemption date is Sunday, November 15, and the cash payment is scheduled for Monday, November 16, according to the bank's redemption announcement.

Payment Terms For Holders

The transaction covers the full USD 1.0 billion liquidation preference of Citigroup's 4.150% Fixed Rate Reset Noncumulative Preferred Stock, Series Y. It represents 1,000,000 depositary shares, with each depositary share representing a one twenty-fifth interest in a preferred share.

Citigroup will pay USD 1,000 for each depositary share on November 16. Holders of record on November 6 are also scheduled to receive the previously declared quarterly dividend of USD 10.375 per depositary share. Dividends will stop accruing from the redemption date, and the depositary shares will no longer be outstanding after payment.

Funding Structure In Focus

Citigroup said the redemption reflects efforts to improve the efficiency of its funding and capital structure. The bank cited economic value, regulatory changes, potential effects on net interest margin and borrowing costs, the remaining tenor of its debt portfolio, capital impact and broader market conditions among the factors considered.

Citigroup stock traded at 111.84 euros on Lang & Schwarz at 16:00 CET on Friday, November 13, 2026. The quote was 1.02% below 112.99 euros quoted at 12:48 CET in an earlier report published on November 13, a separate move from the preferred-stock timetable.