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Citigroup Capital X, 6.10% TruPS Capital Securities
Ticker Symbol: C-R* CUSIP: 173064205 Exchange: NYSE
* NOTE: This security is no longer trading as of 10/01/2013
Security has been Called for: Tuesday, October 1, 2013
August 29, 2013 -- Citigroup Inc. is announcing the redemption, in whole, of its 6.100% Enhanced TRUPS issued by Citigroup Capital X (CUSIP: 173064205) (the Redeemed TRUPS). The redemption date for the Redeemed TRUPS is October 1, 2013. The cash redemption price payable for each Redeemed TRUPS on the redemption date will equal $25 plus $0.0042361 in accumulated and unpaid distributions. The Redeemed TRUPS are being redeemed, along with the common securities issued by Citigroup Capital X and held by Citigroup, as a result of the concurrent redemption in whole by Citigroup of the junior subordinated debt securities held by Capital X which underlie the Redeemed TRUPS. Beginning on the redemption date, the Redeemed TRUPS will no longer be considered outstanding and distributions will no longer accrue on such securities. The Bank of New York Mellon is the paying agent for the Redeemed TRUPS. For further information on the Redeemed TRUPS, please see the related prospectus at the following web address:
http://www.sec.gov/Archives/edgar/data/831001/000095012303010196/y89686b4e424b4.txt _______________ 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.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Citigroup Capital X, 6.10% Capital Securities (TruPS), liquidation amount $25 per share, guaranteed by Citigroup Inc. (NYSE: C) (See our definition of Guaranteed in our Glossary of Income Investing Terms for the technicalities of the guarantee), redeemable at the issuer's option on or after 9/30/2008 at $25 per share plus accrued and unpaid dividends, maturing 9/30/2033, distributions of 6.10% ($1.525) per annum are paid quarterly on 3/30, 6/30, 9/30 & 12/30 to holders of record one business day prior to the payment date while the securities remain in book-entry form. The company has the right, at any time, to defer dividend payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 6.10% Junior Subordinated Deferrable Interest Debentures due 9/30/2033 which were purchased from the company using the funds generated from the sale of the trust preferred securities. See the IPO prospectus for further information on the trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (C)
IPO - 9/9/2003 - 20.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $500.0 Million
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
John Andrews
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212-559-2718
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Toll Free Phone Number |
877-936-2737 |
CEO - Vikram Pandit |
CFO - John C. Gerspach |
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