Ally Financial to redeem all $1.35B Series B preferred shares on May 15, 2026

Ally Financial announced it will redeem all 1,350,000 outstanding Series B preferred shares on May 15, 2026, totaling $1.35 billion in liquidation preference. The redemption price is $1,000 per share plus any unpaid dividends up to the redemption date, after which dividends will stop accruing. This move fully retires the Series B preferred stock, impacting investors holding these shares. Shareholders should contact their brokers or the transfer agent for redemption payment details.