Citigroup establishes new 7.375% Fixed Rate Reset Noncumulative Preferred Stock, Series Z

CITIGROUP INC

Filed Certificate of Designations for 7.375% Fixed Rate Reset Noncumulative Preferred Stock, Series Z.
Underwriting agreement dated Feb 28, 2023 for depositary shares representing 1/25th interest in Series Z.
Deposit agreement with Computershare as depositary for the new preferred stock series.
Series Z preferred stock is noncumulative with a fixed rate reset feature.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

CITIGROUP INC: Established a new series of preferred stock, 7.375% Fixed Rate Reset Noncumulative Preferred Stock, Series Z, by filing a Certificate of Designations that amended the Restated Certificate of Incorporation (effective 2023-03-06).

Change: charter amendment
Effective: 2023-03-06

Exact text from the filing

On March 6, 2023, Citigroup Inc. filed a Certificate of Designations with the Secretary of State of the State of Delaware, establishing the designations, preferences, powers and rights of the shares of a new series of Citigroup preferred stock, 7.375% Fixed Rate Reset Noncumulative Preferred Stock, Series Z.

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CITIGROUP INC filing history →

Source: SEC EDGAR

accession 0001193125-23-063181

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