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Citigroup, Inc., 8.125% Dep Shares Series AA Non-cumulative Preferred Stock
Ticker Symbol: C-P* CUSIP: 172967572 Exchange: NYSE
* NOTE: This security is no longer trading as of 2/15/2018
Security has been Called for: Thursday, February 15, 2018
January 2, 2018 -- Citigroup Inc. is redeeming, in whole, all $96.8 million aggregate liquidation preference of Depositary Shares representing interests in its 8.125% Series AA Noncumulative Preferred Stock (ticker "C PR P"). The redemption date for the Preferred Stock and related Depositary Shares is February 15, 2018. The cash redemption price, payable on February 15, 2018 for each Depositary Share, will equal $25. Holders of record on February 2, 2018 will receive the previously declared regular quarterly dividend of $0.5078125 due on February 15, 2018. ____________ October 20, 2010 -- The Board of Directors of Citigroup (NYSE:C) today declared dividends on preferred stock as follows:
* 8.125% Non-Cumulative Preferred Stock, Series AA, payable November 15, 2010, to holders of record on November 5, 2010. Holders of depositary receipts, each representing one-thousandth of a full preferred share, will be paid $.5078125 for each receipt held. On February 27, 2009, at the time of the announcement of its public and private exchange offers, Citi announced the suspension of dividends on its Preferred Stock. Pursuant to the exchange offers, Citi offered to exchange up to $14,923,650,000 of its outstanding publicly-held Preferred Securities for Common Stock at a price per share of $3.25; 98% of the Preferred Stock elected to participate in the exchange offers. Dividends declared today will be paid on the Series AA, T, E and F Preferred Stock that remains outstanding. ____________ On May 7, 2009, Citi announced it will increase the aggregate liquidation value of publicly held preferred stock and trust preferred securities it is offering to exchange for common stock to approximately $20.5 billion, from $15 billion as originally announced on February 27, 2009. All other terms of the offers, including the exchange factors and acceptance priority levels, remain unchanged. Additional information about the terms of the expanded exchange offers is provided below. Citi will offer to acquire any and all issued and outstanding depositary shares representing shares of its Series F, Series AA, Series T and Series E preferred stock. Subject to the terms and conditions of the exchange offers and assuming 100% participation by holders of depositary shares representing these series of preferred stock, Citi will accept for purchase approximately $14.9 billion aggregate liquidation value of preferred stock, which would leave approximately $5.6 billion in aggregate liquidation value available to accept trust preferred securities for purchase. Dividends on outstanding preferred stock not exchanged will be suspended.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Citigroup, Inc., 8.125% Depositary Shares each representing a 1/1000 interest in a share of perpetual Non-cumulative Preferred Stock, Series AA, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 2/15/2018 at $25 per depositary share plus declared and unpaid dividends, and with no stated maturity. Non-cumulative distributions of 8.125% ($2.03125) per annum are paid quarterly on 2/15, 5/15, 8/15 & 11/15 to holders of record on the record date fixed by the board, not more than 30 days prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. Dividends paid by this preferred are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page S-24 of the prospectus for further information). In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO 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 - 1/25/2008 - 130.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: CITNP Changed: 1/28/2008
Market Value $3.2 Billion
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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 |
Not Available |
| Investor Relations
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212-559-2718
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| Toll Free Phone Number |
800-285-3000 |
| CEO - Michael L. Corbat |
CFO - John C. Gerspach |
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