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Citigroup Inc | 7.250% Enhanced Trust Preferred Securities (C.PRF.CL)

This preferred is marked as having been called.
Prospectus exerpt:  Citigroup Capitalís only source of cash to make payments on the capital securities are payments on the junior subordinated debt securities it purchases from Citigroup.

If you purchase the capital securities, you are entitled to receive cumulative cash distributions at an annual rate of 7.250% of the liquidation amount of $25 per capital security. Distributions will accumulate from the date Citigroup Capital issues the capital securities and will be paid quarterly in arrears on March 15, June 15, September 15, and December 15 of each year, beginning December 15, 2007.

If Citigroup defers interest payments on the junior subordinated debt securities, Citigroup Capital will defer distributions on the capital securities. A deferral may extend for up to 40 consecutive quarterly periods (10 years) without causing an event of default and acceleration on the junior subordinated debt securities. A deferral of distributions cannot extend, however, beyond the maturity date of August 15, 2067.

Full Prospectus PDF », C Page »

Redeemable?:Yes
Call Date:8/15/2012 (Now Trading Post Call Date)
Maturity Date:8/15/2067
Cumulative?:Yes
Shares Offered:44,000,000
Overallotment:6,600,000
Liquidation Preference:$25
Recent Market Price:$25.30
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$0.30 (1.20%)
Annualized Dividend:0.4531
Recent Ex-Date:6/12/2012
Current Yield:1.79%
Original Coupon:7.250%
Pay Period:Quarterly
Pay Dates:15-Mar, 15-Jun, 15-Sep, 15-Dec
Citigroup is a financial services holding company whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, such as consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. Co. operates in two primary business segments: Citicorp, consisting of Co.'s Global Consumer Banking businesses and Institutional Clients Group; and Citi Holdings, consisting of businesses and portfolios of assets that Co. has determined are not central to its core Citicorp businesses. As of Dec 31 2013, Co. had total assets of $1.88 trillion and total deposits of $968.27 billion.

Preferreds: C.PRW, C.PRE, C.PRG, C.PRH, C.PRM, C.PRO, C.PRP, C.PRQ, C.PRR, C.PRS, C.PRU, C.PRV, C.PRZ, C.PRF.CL, C.PRI, C.PRN, C.PRC, C.PRJ, C.PRK, C.PRL


Open the C Information Page »
Name:  Citigroup Inc
Website:  www.citigroup.com
Sector:  Banking & Savings
Number of ETFs Holding C:  85 (see which ones)
Total Market Value Held by ETFs:  $5,455,915,599
Total Market Capitalization:  $150,831,000,000
% of Market Cap. Held by ETFs:  3.62%

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