{"id":1019103,"date":"2026-11-09T18:19:52","date_gmt":"2026-11-09T23:19:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/citigroup-announces-full-redemption-of-series-y-preferred-stock\/"},"modified":"2026-11-09T18:19:52","modified_gmt":"2026-11-09T23:19:52","slug":"citigroup-announces-full-redemption-of-series-y-preferred-stock","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/citigroup-announces-full-redemption-of-series-y-preferred-stock\/","title":{"rendered":"Citigroup Announces Full Redemption of Series Y Preferred Stock"},"content":{"rendered":"

<\/p>\n

Citigroup Announces Full Redemption of Series Y Preferred Stock<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nCitigroup Inc. is redeeming, in whole, all $1.0 billion aggregate liquidation preference of 1,000,000 Depositary Shares each representing a 1\/25th<\/sup> interest in its 4.150% Fixed Rate Reset Noncumulative Preferred Stock, Series Y (the \u201cPreferred Stock\u201d).<\/p>\n

\nThe redemption date is November 15, 2026, for the Preferred Stock and related Depositary Shares (the \u201cRedemption Date\u201d). The cash redemption price for each Depositary Share will equal $1,000 and will be paid on November 16, 2026 (the \u201cRedemption Payment Date\u201d), the business day immediately following the Redemption Date. Holders of record on November 6, 2026, will receive the previously declared regular quarterly dividend of $10.375 per Depositary Share payable on the Redemption Payment Date.<\/p>\n

\nThe redemption announced today reflects Citigroup\u2019s ongoing efforts to enhance the efficiency of its funding and capital structure. Citigroup\u2019s redemptions are based on several factors, including without limitation, the economic value, regulatory changes, potential impact on Citigroup’s net interest margin and borrowing costs, the overall remaining tenor of Citigroup’s debt portfolio, capital impact, as well as overall market conditions.<\/p>\n

\nBeginning on the Redemption Date, dividends will no longer accrue on the Preferred Stock, and as of the Redemption Payment Date, the Depositary Shares representing the redeemed Preferred Stock will no longer be outstanding.<\/p>\n

\nComputershare Trust Company, N.A. (\u201cComputershare\u201d) is the paying agent for the Depositary Shares. The paying agent\u2019s address is Computershare Trust Company, Attn: Corporate Actions, 150 Royall Street, Suite 101, Canton, MA 02021. Questions relating to the notice of redemption and related materials should be directed to Computershare via telephone at 1-888-250-3985.<\/p>\n

\nFor further information on the Preferred Stock and the related Depositary Shares, please see the prospectus at the following web address: https:\/\/www.citigroup.com\/rcs\/citigpa\/storage\/public\/CitiOct102821PreferredStockSeriesY.pdf<\/a>.<\/p>\n

About Citi<\/span><\/b><\/p>\n

\nCiti is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.<\/p>\n

\nAdditional information may be found at www.citigroup.com<\/a> | X: @Citi<\/a> | LinkedIn: www.linkedin.com\/company\/citi<\/a> | YouTube: www.youtube.com\/citi<\/a> | Facebook: www.facebook.com\/citi<\/a><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20261109692624\/en\/<\/a><\/span><\/p>\n

\nMedia Contact:
\n
Danielle Romero Apsilos
\n
danielle.romeroapsilos@citi.com
\n<\/a><\/p>\n

Fixed Income Investor Contact:
\n
Peter Demoise
\n
investorrelations@citi.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Banking Asset Management Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Citigroup Announces Full Redemption of Series Y Preferred Stock NEW YORK–(BUSINESS WIRE)– Citigroup Inc. is redeeming, in whole, all $1.0 billion aggregate liquidation preference of 1,000,000 Depositary Shares each representing a 1\/25th interest in its 4.150% Fixed Rate Reset Noncumulative Preferred Stock, Series Y (the \u201cPreferred Stock\u201d). The redemption date is November 15, 2026, for the Preferred Stock and related Depositary Shares (the \u201cRedemption Date\u201d). The cash redemption price for each Depositary Share will equal $1,000 and will be paid on November 16, 2026 (the \u201cRedemption Payment Date\u201d), the business day immediately following the Redemption Date. Holders of record on November 6, 2026, will receive the previously declared regular quarterly dividend of $10.375 per Depositary Share payable on the Redemption … <\/p>\n

Continue reading “Citigroup Announces Full Redemption of Series Y Preferred Stock”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1019103","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCitigroup Announces Full Redemption of Series Y Preferred Stock - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/citigroup-announces-full-redemption-of-series-y-preferred-stock\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Citigroup Announces Full Redemption of Series Y Preferred Stock - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Citigroup Announces Full Redemption of Series Y Preferred Stock NEW YORK–(BUSINESS WIRE)– Citigroup Inc. is redeeming, in whole, all $1.0 billion aggregate liquidation preference of 1,000,000 Depositary Shares each representing a 1\/25th interest in its 4.150% Fixed Rate Reset Noncumulative Preferred Stock, Series Y (the \u201cPreferred Stock\u201d). The redemption date is November 15, 2026, for the Preferred Stock and related Depositary Shares (the \u201cRedemption Date\u201d). The cash redemption price for each Depositary Share will equal $1,000 and will be paid on November 16, 2026 (the \u201cRedemption Payment Date\u201d), the business day immediately following the Redemption Date. Holders of record on November 6, 2026, will receive the previously declared regular quarterly dividend of $10.375 per Depositary Share payable on the Redemption … Continue reading "Citigroup Announces Full Redemption of Series Y Preferred Stock"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/citigroup-announces-full-redemption-of-series-y-preferred-stock\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-11-09T23:19:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20261109692624r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citigroup-announces-full-redemption-of-series-y-preferred-stock\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citigroup-announces-full-redemption-of-series-y-preferred-stock\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Citigroup Announces Full Redemption of Series Y Preferred Stock\",\"datePublished\":\"2026-11-09T23:19:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citigroup-announces-full-redemption-of-series-y-preferred-stock\\\/\"},\"wordCount\":435,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citigroup-announces-full-redemption-of-series-y-preferred-stock\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20261109692624r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citigroup-announces-full-redemption-of-series-y-preferred-stock\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citigroup-announces-full-redemption-of-series-y-preferred-stock\\\/\",\"name\":\"Citigroup Announces Full Redemption of Series Y Preferred Stock - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citigroup-announces-full-redemption-of-series-y-preferred-stock\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citigroup-announces-full-redemption-of-series-y-preferred-stock\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20261109692624r1&sid=flmnd&distro=nx&lang=en\",\"datePublished\":\"2026-11-09T23:19:52+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citigroup-announces-full-redemption-of-series-y-preferred-stock\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citigroup-announces-full-redemption-of-series-y-preferred-stock\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citigroup-announces-full-redemption-of-series-y-preferred-stock\\\/#primaryimage\",\"url\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20261109692624r1&sid=flmnd&distro=nx&lang=en\",\"contentUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20261109692624r1&sid=flmnd&distro=nx&lang=en\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citigroup-announces-full-redemption-of-series-y-preferred-stock\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Citigroup Announces Full Redemption of Series Y Preferred Stock\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Citigroup Announces Full Redemption of Series Y Preferred Stock - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/citigroup-announces-full-redemption-of-series-y-preferred-stock\/","og_locale":"en_US","og_type":"article","og_title":"Citigroup Announces Full Redemption of Series Y Preferred Stock - Market Newsdesk","og_description":"Citigroup Announces Full Redemption of Series Y Preferred Stock NEW YORK–(BUSINESS WIRE)– Citigroup Inc. is redeeming, in whole, all $1.0 billion aggregate liquidation preference of 1,000,000 Depositary Shares each representing a 1\/25th interest in its 4.150% Fixed Rate Reset Noncumulative Preferred Stock, Series Y (the \u201cPreferred Stock\u201d). The redemption date is November 15, 2026, for the Preferred Stock and related Depositary Shares (the \u201cRedemption Date\u201d). The cash redemption price for each Depositary Share will equal $1,000 and will be paid on November 16, 2026 (the \u201cRedemption Payment Date\u201d), the business day immediately following the Redemption Date. Holders of record on November 6, 2026, will receive the previously declared regular quarterly dividend of $10.375 per Depositary Share payable on the Redemption … Continue reading \"Citigroup Announces Full Redemption of Series Y Preferred Stock\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/citigroup-announces-full-redemption-of-series-y-preferred-stock\/","og_site_name":"Market Newsdesk","article_published_time":"2026-11-09T23:19:52+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20261109692624r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citigroup-announces-full-redemption-of-series-y-preferred-stock\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citigroup-announces-full-redemption-of-series-y-preferred-stock\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Citigroup Announces Full Redemption of Series Y Preferred Stock","datePublished":"2026-11-09T23:19:52+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citigroup-announces-full-redemption-of-series-y-preferred-stock\/"},"wordCount":435,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citigroup-announces-full-redemption-of-series-y-preferred-stock\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20261109692624r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citigroup-announces-full-redemption-of-series-y-preferred-stock\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/citigroup-announces-full-redemption-of-series-y-preferred-stock\/","name":"Citigroup Announces Full Redemption of Series Y Preferred Stock - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citigroup-announces-full-redemption-of-series-y-preferred-stock\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citigroup-announces-full-redemption-of-series-y-preferred-stock\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20261109692624r1&sid=flmnd&distro=nx&lang=en","datePublished":"2026-11-09T23:19:52+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citigroup-announces-full-redemption-of-series-y-preferred-stock\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/citigroup-announces-full-redemption-of-series-y-preferred-stock\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citigroup-announces-full-redemption-of-series-y-preferred-stock\/#primaryimage","url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20261109692624r1&sid=flmnd&distro=nx&lang=en","contentUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20261109692624r1&sid=flmnd&distro=nx&lang=en"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citigroup-announces-full-redemption-of-series-y-preferred-stock\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Citigroup Announces Full Redemption of Series Y Preferred Stock"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/1019103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=1019103"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/1019103\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=1019103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=1019103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=1019103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}