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Citigroup, Inc., 5.86% Fixed/Adj Dep Shares Series V Perp Preferred Stock
Ticker Symbol: CTGBL* CUSIP: 172967648 Exchange: OTOTC
* NOTE: This security is no longer trading as of 2/15/2006
Security has been Called for: Wednesday, February 15, 2006
Jan. 13, 2006 -- Citigroup Inc. today announced that on February 15, 2006, it will redeem for cash all outstanding shares of its Fixed/Adjustable Rate Cumulative Preferred Stock, Series V. The redemption price will be $50.00 per depositary share, plus accrued dividends to the date of redemption. Currently, $125 million of Series V Preferred Stock is outstanding. Depositary Shares of Series V Preferred Stock are to be surrendered for payment of principal plus accrued dividends to Citibank, N.A., as redemption agent.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Citigroup, Inc., Fixed/Adjustable Rate Depositary Shares representing 1/10 of a share of the Cumulative Perpetual Preferred Stock, Series V, liquidation preference $50 per depositary share, redeemable at the issuer's option on or after 2/15/2006 at $50 per depositary share plus accrued and unpaid dividends, with no stated maturity, and with fixed/adjustable rate distributions of paid quarterly on 2/15, 5/15, 8/15 & 11/15. The fixed dividend rate will be 5.86% per annum up to 2/15/2006 and the adjustable rate will be 0.50% plus the effective rate but not less than 6.00% or more than 12.00%. The effective rate is equal to the highest of the Treasury Bill Rate, the Ten-Year Constant Maturity Rate and the Thirty-Year Constant Maturity rate. In the event of a change in tax law, the company may redeem all of the series V preferred issue prior to 2/15/2006 at prices ranging from $52.50 to $50 per depositary share. The rate of dividends on the Series V preferred stock is subject to adjustment based upon the applicable percentage of the dividends received deduction.
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Go to Parent Company's Record (C)
Market Value $134.0 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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