{"id":837706,"date":"2025-04-15T16:19:03","date_gmt":"2025-04-15T20:19:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/citigroup-announces-full-redemption-of-series-p-preferred-stock\/"},"modified":"2025-04-15T16:19:03","modified_gmt":"2025-04-15T20:19:03","slug":"citigroup-announces-full-redemption-of-series-p-preferred-stock","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/citigroup-announces-full-redemption-of-series-p-preferred-stock\/","title":{"rendered":"Citigroup Announces Full Redemption of Series P Preferred Stock"},"content":{"rendered":"

<\/p>\n

Citigroup Announces Full Redemption of Series P Preferred Stock<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nCitigroup Inc. is redeeming, in whole, all $2 billion aggregate liquidation preference of Series P Depositary Shares representing interests in its 5.950% Fixed Rate \/ Floating Rate Noncumulative Preferred Stock, Series P (the \u201cPreferred Stock\u201d).\n<\/p>\n

\nThe redemption date is May 15, 2025, for the Preferred Stock and related Depositary Shares (the \u201cRedemption Date\u201d). The cash redemption price, payable on the Redemption Date for each Depositary Share, will equal $1,000. Holders of record on May 5, 2025, will receive the previously declared regular semi-annual dividend of $29.75 per Depositary Share payable on the Redemption Date.\n<\/p>\n

\nThe redemption announced today reflects Citigroup\u2019s ongoing efforts to enhance the efficiency of its funding and capital structure. Citigroup\u2019s redemptions are based on several factors, including without limitation, the economic value, regulatory changes, potential impact on Citigroup’s net interest margin and borrowing costs, the overall remaining tenor of Citigroup’s debt portfolio, capital impact, as well as overall market conditions.\n<\/p>\n

\nBeginning on the Redemption Date, the Depositary Shares representing the redeemed Preferred Stock will no longer be outstanding and dividends will no longer accrue on such securities.\n<\/p>\n

\nComputershare Trust Company, N.A. (\u201cComputershare\u201d) is the paying agent for the Depositary Shares. The paying agent\u2019s address is Computershare Trust Company, Attn: Corporate Actions, 150 Royall Street, Suite 101, Canton, MA 02021. Questions relating to the notice of redemption and related materials should be directed to Computershare via telephone at 1-888-250-3985.\n<\/p>\n

\nFor further information on the Preferred Stock and the related Depositary Shares, please see the prospectus at the following web address: https:\/\/www.citigroup.com\/rcs\/citigpa\/akpublic\/storage\/public\/FinalProsuppUS2B5950.PDF<\/a><\/p>\n

About Citi<\/span><\/b><\/p>\n

\nCiti is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.\n<\/p>\n

Additional information may be found at <\/b>www.citigroup.com<\/b><\/a> | X: <\/b>@Citi<\/b><\/a> | LinkedIn: <\/b>www.linkedin.com\/company\/citi<\/b><\/a> | YouTube: <\/b>www.youtube.com\/citi<\/b><\/a> | Facebook: <\/b>www.facebook.com\/citi<\/b><\/a><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250415813260\/en\/<\/a><\/span><\/p>\n

\nMedia Contact:
\n
Danielle Romero Apsilos
\n
212 816 2264
\n
danielle.romeroapsilos@citi.com<\/a><\/p>\n

\nFixed Income Investor Contact:
\n
Peter Demoise
\n
212 559 2718
\n
peter.demoise@citi.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Canada New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Banking Asset Management Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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Citigroup Announces Full Redemption of Series P Preferred Stock NEW YORK–(BUSINESS WIRE)– Citigroup Inc. is redeeming, in whole, all $2 billion aggregate liquidation preference of Series P Depositary Shares representing interests in its 5.950% Fixed Rate \/ Floating Rate Noncumulative Preferred Stock, Series P (the \u201cPreferred Stock\u201d). The redemption date is May 15, 2025, for the Preferred Stock and related Depositary Shares (the \u201cRedemption Date\u201d). The cash redemption price, payable on the Redemption Date for each Depositary Share, will equal $1,000. Holders of record on May 5, 2025, will receive the previously declared regular semi-annual dividend of $29.75 per Depositary Share payable on the Redemption Date. The redemption announced today reflects Citigroup\u2019s ongoing efforts to enhance the efficiency of its … <\/p>\n

Continue reading “Citigroup Announces Full Redemption of Series P Preferred Stock”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-837706","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCitigroup Announces Full Redemption of Series P Preferred Stock - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/citigroup-announces-full-redemption-of-series-p-preferred-stock\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Citigroup Announces Full Redemption of Series P Preferred Stock - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Citigroup Announces Full Redemption of Series P Preferred Stock NEW YORK–(BUSINESS WIRE)– Citigroup Inc. is redeeming, in whole, all $2 billion aggregate liquidation preference of Series P Depositary Shares representing interests in its 5.950% Fixed Rate \/ Floating Rate Noncumulative Preferred Stock, Series P (the \u201cPreferred Stock\u201d). The redemption date is May 15, 2025, for the Preferred Stock and related Depositary Shares (the \u201cRedemption Date\u201d). The cash redemption price, payable on the Redemption Date for each Depositary Share, will equal $1,000. Holders of record on May 5, 2025, will receive the previously declared regular semi-annual dividend of $29.75 per Depositary Share payable on the Redemption Date. 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