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Citigroup, Inc., 8.40% Dep Shares Series E Fixed/Float Non-Cumul Preferred Stock
Ticker Symbol: TEMP88*     CUSIP: 172967ER8     Exchange: OTOTC
Security Type:   Traditional Preferred Stock
* NOTE: This security is no longer trading as of 1/01/2023

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Citigroup, Inc., 8.40% depositary shares, each representing a 1/25th interest in a share of the Fixed Rate/Floating Rate Non-Cumulative Preferred Stock, Series E, liquidation preference $1000 per depositary share, redeemable at the issuer's option on or after 4/30/2018 at $1000 per depositary share plus declared and unpaid dividends, and with no stated maturity.

Fixed non-Cumulative distributions of 8.40% per annum ($42.00 per annum or $21.00 per semi-annual) will be paid semi-annually on 4/30 & 10/30 to holders of record on the record date fixed by the board, not more than 30 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). On and after 4/30/2018 distributions will be paid quarterly on 1/30, 4/30, 7/30 & 10/30 at an annual rate equal to the three-month LIBOR plus 402.85 basis points. 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 security 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-27 of the prospectus for further information).

In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, 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.

Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
OTOTCn
OTOTCps
FixFloat
$42.00
$1,000.00
$1,000.00
4/30/2018
None
WR NR
10/25/2022
4/30 & 10/30
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
YES

Go to Parent Company's Record (C)

Notes:  October 1, 2013 -- The Board of Directors of Citigroup Inc. today declared dividends on Citigroup's preferred stock as follows: 8.40% Fixed Rate/Floating Rate Non-Cumulative Preferred Stock, Series E, payable October 30, 2013, to holders of record on October 18, 2013. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $42.00 for each receipt held. ________________ October 20, 2010 -- The Board of Directors of Citigroup (NYSE:C) today declared dividends on preferred stock as follows: 8.40% Fixed Rate / Floating Rate Non-Cumulative Preferred Stock, Series E, payable November 1, 2010, to holders of record on October 20, 2010. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $42.00 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. ____________ The 8.40% Series E preferred shares were issued on 4/23/2008 but are not yet trading on the stock markets. They have been assigned the temporary ticker symbol TEMP88 by QuantumOnline until they start trading on the NYSE or on the Other OTC market and their ticker symbol is known. The shares are expected to start trading on the NYSE within 30 days of their issue date and could, but not necessarily will, start trading on the Other OTC market at any time on an interim basis.

IPO - 4/23/2008 - 6.00 Million Shares @ $1.000.00/share.    Link to IPO Prospectus
Market Value $6.0 Billion

Company's Online Information Links
HOME PAGE:     https://www.citigroup.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Inv Rel Email Address investorrelations@citi.com
General Email Address fixedincomeir@citigroup.com

Address and Phone Numbers
Address:   388 Greenwich Street, New York, NY 10013
Main Phone Number 212-559-1000
Fax Number Not Available
Investor Relations   Elizabeth Lynn 212-793-2033
Toll Free Phone Number 800-285-3000
CEO - Jane Fraser CFO - Mark Mason

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