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 “Preferred Stock”). The redemption date is November 15, 2026, for the Preferred Stock and related Depositary Shares (the “Redemption Date”). The cash redemption price for each Depositary Share will equal $1,000 and will be paid on November.