Ally Financial to Redeem Series B Preferred Stock
Ally Financial Inc. (ALLY) announced the redemption of all 1.35 million shares of its Series B preferred stock on May 15, 2026. The redemption price is $1,000 per share plus any unpaid dividends, and dividends will cease to accrue after the redemption date. This action is expected to impact the company's capital structure and investor returns.
Tickers: $ALLY
Topics: corporate finance financial services preferred stock share redemption