StocksMedium•9 November 2026•
1 min read
Citigroup to Fully Redeem $1 Billion of Series Y Preferred Stock
Key Facts
1Citigroup Inc. announced the full redemption of its $1.0 billion aggregate liquidation preference of 4.150% Fixed Rate Reset Noncumulative Preferred Stock, Series Y.
Citigroup Inc. announced the full redemption of its $1.0 billion aggregate liquidation preference of 4.150% Fixed Rate Reset Noncumulative Preferred Stock, Series Y. Business Wire reported that the company is redeeming all 1,000,000 Depositary Shares at a redemption price of $1,000 per share.
The redemption is a routine corporate action intended to manage the bank's capital structure and reduce dividend obligations on fixed-rate instruments. Citigroup stock, ticker C, closed at $119.05 on November 6, 2026, while peer BAC closed at $49.42 and WFC closed at $83.94 on the same date.