Citigroup to Redeem Citigroup Capital VI Trust Preferred Securities.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Citigroup Inc. (NYSE NYSE See: New York Stock Exchange : C) today announced that on October 14, 2004 it will redeem for cash all its Citigroup Capital VI 6 7/8% Trust Preferred Securities (TRUPS TRUPS Capital Trust Pass-Through Securities , NYSE Ticker C X). 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, $600 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 has some 200 million customer accounts and does business in more than 100 countries, providing 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, Banamex, and Travelers Life and Annuity. Additional information may be found at www.citigroup.com. |
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