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Stocks•4 May 2026•

1 min read

Ally Financial to Redeem All Series B Preferred Stock for $1.35 Billion

Key Facts

1Ally Financial announced it will redeem all 1,350,000 outstanding shares of its Series B Preferred Stock on May 15, 2026.

2The aggregate liquidation preference for the redemption is $1,350,000,000 at a price of $1,000 per share.

Ally Financial Inc. has officially announced its plan to redeem all 1,350,000 outstanding shares of its Series B Preferred Stock on May 15, 2026. The aggregate liquidation preference for this redemption totals $1.35 billion, calculated at a price of $1,000 per share. This action specifically targets the 4.700% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock. By exercising its right to redeem these shares, the company will pay the full liquidation preference plus any declared but unpaid dividends. This move is part of Ally's broader corporate treasury strategy to optimize its capital structure and manage long-term financing costs. Analysts view this as a standard financial maneuver that underscores the company's healthy liquidity position and proactive balance sheet management.