Citigroup stock faces Series Y redemption in funding reset

Citigroup Inc. announced on November 9 that it will redeem all of its Series Y preferred stock, putting a planned change to the bank's funding mix in focus for investors. The company outlined the terms in a Citigroup press release.

The redemption covers a USD 1.0 billion aggregate liquidation preference represented by 1,000,000 depositary shares. Each depositary share represents a 1/25th interest in Citigroup's 4.150% fixed-rate reset noncumulative Series Y preferred stock.

Redemption Terms And Timing

Citigroup set November 15 as the redemption date. The cash redemption price will be USD 1,000 for each depositary share, with payment scheduled for November 16, the next business day.

Holders of record on November 6 will also receive the previously declared regular quarterly dividend of USD 10.375 per depositary share on the payment date. Dividends will stop accruing from the redemption date, and the depositary shares will no longer be outstanding after payment.

The company said the action reflects continuing efforts to improve the efficiency of its funding and capital structure. Citigroup cited the economic value of the securities, regulatory changes, possible effects on net interest margin and borrowing costs, the remaining tenor of its debt portfolio, capital effects and broader market conditions as factors in its redemption decisions.

What Investors Should Watch

For shareholders, the transaction changes the composition of Citigroup's capital and funding base rather than altering the terms of the common stock. The key dates are the November 15 redemption and the November 16 cash payment, while the quarterly preferred dividend remains payable to eligible holders.

Citigroup stock traded at 110.45 euros on Lang & Schwarz at 13:46 CET on Wednesday, November 11, 2026.

The Euro Stoxx 50 remains a broad market reference for investors assessing financial stocks and risk appetite across Europe.

Further company-specific developments are available in More news and analyses on Citigroup stock.