Normal
0
false
false
false
EN-US
X-NONE
X-NONE

/* Style Definitions */
table.MsoNormalTable
{mso-style-name:”Table Normal”;
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-qformat:yes;
mso-style-parent:””;
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin-top:0in;
mso-para-margin-right:0in;
mso-para-margin-bottom:10.0pt;
mso-para-margin-left:0in;
line-height:115%;
mso-pagination:widow-orphan;
font-size:11.0pt;
font-family:”Calibri”,”sans-serif”;
mso-ascii-font-family:Calibri;
mso-ascii-theme-font:minor-latin;
mso-fareast-font-family:”Times New Roman”;
mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;
mso-hansi-theme-font:minor-latin;}

DETROIT — Ally Financial's board of directors recently declared
quarterly dividend payments for certain outstanding preferred stock, including
more funds destined for the U.S. Treasury. 

Officials indicated the dividends are payable on May 15.

The board chose to give a quarterly dividend payment on Ally's
Fixed Rate Cumulative Mandatorily Convertible Preferred Stock, Series F-2, of
approximately $134 million, or $1.125 per share, and is payable to the U.S.
Department of the Treasury. 

Furthermore, a quarterly dividend payment was also declared
on Ally's Fixed Rate Cumulative Perpetual Preferred Stock, Series G, of
approximately $45 million, or $17.50 per share, and is payable to shareholders
of record as of May 1.

Additionally, a dividend payment was declared on Ally's
Fixed Rate/Floating Rate Perpetual Preferred Stock, Series A, of approximately
$22 million, or 53 cents per share, and is payable to shareholders of record as
of May 1.

Including the aforementioned dividend payments on the Series
F-2 Preferred Stock, Ally calculated that it will have paid a total of
approximately $5.5 billion to the U.S. Treasury since February 2009. The
company noted this amount includes preferred stock dividends, interest payments
and proceeds received by the Treasury in its sale of Ally trust preferred
securities.