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Citigroup, Inc., 6.231% Dep Shares Series H Perpetual Preferred Stock
Ticker Symbol: C-H* CUSIP: 172967705 Exchange: NYSE
* NOTE: This security is no longer trading as of 9/10/2007
Security has been Called for: Monday, September 10, 2007
August 8, 2007 -- Citi today announced that on September 10, 2007, it will redeem for cash all outstanding shares of its 6.231% Cumulative Preferred Stock, Series H. The redemption price will be $50.00 per depositary share, plus accrued dividends to the date of redemption. Currently, $200 million of Series H Preferred Stock is outstanding. Depositary Shares of Series H Preferred Stock are to be surrendered for payment of principal plus accrued dividends to Citibank, N.A., as redemption agent, for payment of the redemption price as follows: If by overnight courier: Citibank, N.A., Corporate Actions, 250 Royall Street, Canton, Massachusetts 02021. If by mail: Citibank, N.A., Corporate Actions, P.O. Box 43035, Providence, Rhode Island 02940-3035. ____________ The Citigroup Inc. Series H Preferred Stock was exchanged for the Travelers Group Series H Preferred Stock in conjunction with the merger of Citigroup and Travelers in July 1998.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Citigroup, Inc., formerly Travelers Group, 6.231% Depositary Shares, each representing a 1/5 interest in the Series H 6.231% Perpetual Preferred Stock, liquidation preference $50 per depositary share, redeemable at the issuer's option on or after 9/08/2007 at $50 per share plus accrued and unpaid dividends, with no stated maturity, and with distributions of 6.231% per annum paid quarterly on 2/1, 5/1, 8/1 & 11/1 to holders of record on the date fixed by the board, not more than 30 days or less than 15 days prior to the payment date. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See page 55 of the merger prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (C)
IPO - 9/16/1997 - 4.00 Million Shares @ $50.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: CCI-H
Market Value $189.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 399 Park Avenue, New York, NY 10043 |
| Main Phone Number |
212-559-1000 |
| Fax Number |
212-793-3946 |
| Investor Contact
Arthur Tildesley
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212-559-2718
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| Toll Free Phone Number |
877-936-2737 |
| CEO - Charles Prince |
CFO - Todd S. Thomson |
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