C-J Citigroup Inc. ADRs of Series J Fixed to Floating Rate Preferred
Citigroup will pay cash dividends on the Preferred Stock, only when, as, and if declared by the board of directors of Citigroup, or a duly authorized committee of the board, out of funds legally available to pay dividends, (i) from the date of issuance of the Preferred Stock to, but excluding September 30, 2023, at an annual rate of 7.125% on the liquidation preference amount of $25,000 per share of Preferred Stock (equivalent to $1.78125 per depositary share per year), quarterly in arrears, on March 30, June 30, September 30 and December 30 of each year (each, a “dividend payment date”), beginning on December 30, 2013, and (ii) from, and including, September 30, 2023, at an annual rate equal to three-month LIBOR plus 4.040% on the liquidation preference amount of $25 per share, quarterly in arrears, on each dividend payment date, beginning on December 30, 2023. Dividends will not be cumulative. Citigroup may redeem the Preferred Stock (i) in whole or in part, from time to time, on any dividend payment date on or after September 30, 2023, or (ii) in whole but not in part at any time within 90 days following a Regulatory Capital Event, in each case at a cash redemption price equal to $25 per depositary share plus any declared and unpaid dividends and without accumulation of any undeclared dividends, to but excluding the redemption date. This security was issued by Citigroup Inc, whose common stock symbol is C.
$25.28 +0.08 (0.32%)
As of 03/24/2023 16:00:00 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Non-convertible
GICS sector: Financials
Industry: Banks—Diversified
Index country: USA
Country of incorporation: USA
IPO date: 09/16/2013
Outstanding shares: 36,000,000
Average volume: 43,513
Market cap: $928,800,000
Current dividend yield: 6.90% calculation
Initial coupon rate: 7.125%
Spread to LIBOR: 0.040400
Cumulative: No
Liquidation value: $25.00
Callable after: 09/30/2023
Maturity date: n/a - perpetual
Prospectus: Read on SEC.gov
All SEC filings: SEC Edgar Online
Quarterly filings: 10-Q
Annual filings: 10-K
Sedol: BDX8YP4