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Citigroup Capital IX, 6.00% TruPS Capital Securities
Ticker Symbol: C-S** CUSIP: 173066200 Exchange: NYSE
* NOTE: This security is no longer trading as of 4/28/2014
Security has been Called for: Monday, April 28, 2014
March 27, 2014 -- Citigroup Inc. is announcing the redemption, in whole, of the following three series of its trust preferred securities:
the 6.000% TRUPS® issued by Citigroup Capital IX (CUSIP: 173066200);
the 6.000% TRUPS® issued by Citigroup Capital XI (CUSIP 17307Q205); and
the 6.35% Enhanced TRUPS® issued by Citigroup Capital XVII (CUSIP 17311H209) (collectively, the Redeemed TRUPS).
The redemption date for each series of Redeemed TRUPS is April 28, 2014. The cash redemption price payable for each redeemed TRUPS on the redemption date will equal: for Citigroup Capital IX, $25 plus $0.31250 in accumulated and unpaid distributions; for Citigroup Capital XI, $25 plus $0.12917 in accumulated and unpaid distributions; and for Citigroup Capital XVII, $25 plus $0.18962 in accumulated and unpaid distributions.________________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 IX, 6.00% TruPS Capital Securities, 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 2/13/2008 at $25 per share plus accrued and unpaid dividends, maturing 2/14/2033, distributions of 6.00% ($1.50) per annum are paid quarterly on 2/13, 5/13, 8/13 & 11/13 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 6.00% Junior Subordinated Deferrable Interest Debentures due 2/14/2033 which were purchased from the company using the funds generated from the sale of the trust preferred securities. The debentures are unsecured obligations of the company and, under the guarantee, are subordinate and junior in right of payment to all other liabilities of the company, rank equally with most preferred stock, and are senior to the common stock. 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 - 2/7/2003 - 40.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: CJJCP Changed: 3/05/2003
Market Value $1000.0 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 |
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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