|Bid||0.00 x 1100|
|Ask||0.00 x 1100|
|Day's Range||47.35 - 48.70|
|52 Week Range||13.29 - 49.49|
|Beta (5Y Monthly)||1.58|
|PE Ratio (TTM)||8.19|
|Forward Dividend & Yield||0.76 (1.57%)|
|Ex-Dividend Date||Apr 29, 2021|
|1y Target Est||N/A|
Ally Financial Inc. (NYSE: ALLY) announced today that GMAC Capital Trust I, a subsidiary trust of Ally (the "Trust"), is redeeming (i) 56,000,000 units of its 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2 (CUSIP No. 361860208) (the "TRUPS") (constituting approximately 53.206651% of the outstanding TRUPS) at a par price of $25.00 per unit, plus accrued interest payable from May 15, 2021, through the redemption date (which will be based on an annual rate equal to three-month LIBOR, to be determined as of May 13, 2021, plus 5.785%), and (ii) 1,680,000 units of its 8.125% Fixed Rate/Floating Rate Common Securities, Series 2 (the "Common Securities") (constituting approximately 53.206651% of the outstanding Common Securities) at a par price of $25.00 per unit, plus all accrued and unpaid distributions thereon through the redemption date. Ally is also redeeming 57,680,000 units of its 8.125% Fixed Rate/Floating Rate Junior Subordinated Deferrable Interest Debentures due 2040 (the "Debentures" and, together with the TRUPS and Common Securities, the "Securities") (constituting approximately 53.206651% of the outstanding Debentures) held by the Trust at a par price of $25.00 per unit, plus all accrued and unpaid dividends through the redemption date. The Trust's redemption of the called TRUPS and Common Securities will occur concurrently with Ally's redemption of the called Debentures, all of which are held by the Trust. The proceeds from the redemption of the called Debentures will be applied to redeem the called TRUPS and Common Securities.
NEW YORK, NY / ACCESSWIRE / April 16, 2021 / Ally Financial, Inc. (NYSE:ALLY) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on April 16, 2021 at 9:00 AM Eastern Time.
Ally Financial Inc. (NYSE: ALLY) today reported its first quarter 2021 financial results. View the full press release in PDF.