Attached files
| file | filename |
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| 8-K - CITIGROUP INC | v199412_8k.htm |
For
Immediate Release
Citigroup
Inc. (NYSE: C)
October
20, 2010
Citigroup
Declares Dividends on Preferred Stock
NEW YORK
– The Board of Directors of Citigroup (NYSE:C) today declared dividends on
preferred stock as follows:
– 6.5%
Non-Cumulative Convertible Preferred Stock, Series T, payable November 15, 2010,
to holders of record on November 5, 2010. Holders of depositary
receipts, each representing one-thousandth of a full convertible preferred
share, will be paid $.8125 for each receipt held.
– 8.125%
Non-Cumulative Preferred Stock, Series AA, payable November 15, 2010, to holders
of record on November 5, 2010. Holders of depositary receipts, each
representing one-thousandth of a full preferred share, will be paid $.5078125
for each receipt held.
– 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.
– 8.50%
Non-Cumulative Preferred Stock, Series F, payable December 15, 2010, to holders
of record on December 3, 2010. Holders of depositary receipts, each
representing one-thousandth of a full preferred share, will be paid $.53125 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.
###
Citi, the
leading global financial services company, has approximately 200 million
customer accounts and does business in more than 140 countries. Through Citicorp
and Citi Holdings, Citi provides consumers, corporations, governments and
institutions with a broad range of financial products and services, including
consumer banking and credit, corporate and investment banking, securities
brokerage, transaction services, and wealth management. Additional information
may be found at www.Citigroup.com or www.Citi.com.
Contacts
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Media:
|
Jon
Diat
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(212)
793-5462
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Shannon
Bell
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(212)
793-6206
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Investors:
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John
Andrews
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(212)
559-2718
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Fixed
Income Investors:
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Ilene
Fiszel Bieler
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(212)
559-5091
|