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Citigroup Inc | 8.50% Non-Cumulative Preferred Stock, Series F (C.PRM)

This preferred is marked as having been called.
Prospectus exerpt:  Citigroup Inc. is offering 80,000,000 depositary shares, each representing a 1/1,000th interest in a share of perpetual 8.50% Non-Cumulative Preferred Stock, Series F, $1.00 par value, with a liquidation preference of $25,000 per share (equivalent to $25 liquidation preference per depositary share) (the “Preferred Stock”). Each depositary share, evidenced by a depositary receipt, entitles the holder, through the depositary, to a proportional fractional interest in all rights and preferences of the Preferred Stock (including dividend, voting, redemption and liquidation rights).

Citigroup will pay cash dividends on the Preferred Stock, when, as, and if declared by the board of directors of Citigroup or a duly authorized committee of the board, quarterly in arrears, on March 15, June 15, September 15 and December 15 of each year, beginning on June 15, 2008, at a rate of 8.50% per year on the liquidation preference amount of $25,000 per share of Preferred Stock (equivalent to $2.125 per depositary share per year). Dividends on the Preferred Stock will not be cumulative.

The Preferred Stock is not redeemable prior to the dividend payment date occurring on June 15, 2013. Citigroup may redeem the Preferred Stock, in whole or in part, on any dividend payment date on or after June 15, 2013 as to which Citigroup has declared a dividend in full on the Preferred Stock at a redemption price equal to $25,000 per share (equivalent to $25 per depositary share). Under current rules and regulations, Citigroup would need regulatory approval to redeem the Preferred Stock.

The Preferred Stock will not have voting rights, except in the limited circumstances described in “Description of the Preferred Stock — Voting Rights” beginning on page S-10 and as specifically required by Delaware law.

Full Prospectus PDF », C Page »

Series:F
Redeemable?:Yes
Call Date:6/15/2013 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:No
Shares Offered:80,000,000
Overallotment:12,000,000
Liquidation Preference:$25
Original Coupon:8.500%
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:  $5,578,103,907
Total Market Capitalization:  $153,711,000,000
% of Market Cap. Held by ETFs:  3.63%

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