Citigroup to Redeem Citicorp Capital III Trust Preferred Securities.Business Editors NEW YORK--(BUSINESS WIRE)--Sept. 3, 2003 Citigroup Inc. (NYSE NYSE See: New York Stock Exchange : C) today announced that on October 3, 2003 Citicorp will redeem for cash all its Citicorp Capital III 7.10% Trust Preferred Securities (TRUPS TRUPS Capital Trust Pass-Through Securities , NYSE Ticker: CIHPrA). The redemption price Redemption price See: Call price redemption price 1. The price at which an open-end investment company will buy back its shares from the owners. In most cases, the redemption price is the net asset value per share. 2. will be $25.00 per Preferred Security plus accrued distributions to but excluding the date of redemption. Currently, $225 million of such TRUPS are outstanding. Citigroup (NYSE: C), the preeminent global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company with some 200 million customer accounts in more than 100 countries, provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. , Banamex, and Travelers Life and Annuity. Additional information may be found at: www.citigroup.com. |
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