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Citigroup Inc | Citigroup Capital IX 6.00% Capital Securities (C.PRS)

This preferred is marked as having been called.
Prospectus excerpt:  Citigroup Capital's 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 6.00% 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 February 13, May 13, August 13 and November 13 of each year, beginning May 13, 2003.

If Citigroup defers interest payments on the junior subordinated debt securities, Citigroup Capital generally will defer distributions on the capital securities. A deferral may be for up to 20 consecutive quarterly periods. A deferral of distributions cannot extend, however, beyond February 14, 2033.

During any deferral period, except as described on page 30, Citigroup will not be permitted to: pay a dividend or make any distributions on its capital stock or redeem, purchase, acquire or make a liquidation payment on any of its capital stock, or make any guarantee payments relating to the foregoing; or make an interest, principal or premium payment on, or repurchase or redeem, any of its debt securities that rank equal with or junior to the junior subordinated debt securities.

Citigroup Capital must redeem all of the outstanding capital securities on February 14, 2033.

Some or all of the capital securities may be redeemed before February 14, 2033 on one or more occasions any time on or after February 13, 2008. Also the capital securities may be redeemed, in whole or in part, at any time if certain changes in tax, investment company or bank regulatory law or interpretations occur and certain other conditions are satisfied.

Full Prospectus PDF », C Page »

Alternate symbology:C-S, C-PS, CprS
Call Date:2/13/2008 (Now Trading Post Call Date)
Maturity Date:2/14/2033
Shares Offered:40,000,000
Liquidation Preference:$25
Recent Market Price:$26.45
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$1.45 (5.80%)
Annualized Dividend:1.575
Recent Ex-Date:1/31/2017
Current Yield:5.95%
Original Coupon:6.000%
Pay Period:Quarterly
Pay Dates:13-Feb, 13-May, 13-Aug, 13-Nov
Citigroup is a financial services holding company whose businesses provide consumers, corporations, governments and institutions with financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, securities services and wealth management. Co. operates in two primary business segments: Citicorp, consisting of 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 2015, Co. had total assets of $1.73 trillion and total deposits of $907.88 billion.


Open the C Information Page »
Name:  Citigroup Inc
Sector:  Banking & Savings
Number of ETFs Holding C:  92 (see which ones)
Total Market Value Held by ETFs:  $8,878,362,104
Total Market Capitalization:  $172,751,000,000
% of Market Cap. Held by ETFs:  5.14%

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