Citigroup Capital Trust Preferred 7.875% Fixed to Float

By: ,

 

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S&P Rating   NR   Moodys Rating   NR

Security Ticker Symbol   C-N

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Market Traded ON   NASDAQ

Interest Payment Paid on the 30th of January, April, July and October beginning on 01/30/2011

Quarterly Interest   .49   Annual Interest   1.96

After 10/30/2015 interest rate will float at 3 month libor plus 6.37%

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Securities may be redeemed, at the issuers option, as early as 10/30/2015 for a redemption price of $25/share plus accrued interest

Distribution Payment Will NOT be a Qualified Distributions — Payment is treated as interest not a dividend.

Maturity Date   10/30/2040

 

Company Investor Relations Page for Citigroup

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Below you can find the offering Prospectus and Final Pricing Document

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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