Citigroup files to issue 7.625% Fixed Rate Reset Noncumulative Preferred Stock, Series AA

CITIGROUP INC

Filed Certificate of Designations for new Series AA preferred stock, 7.625% fixed rate reset, noncumulative, perpetual.
Depositary shares each representing 1/25th interest in a share; underwriting agreement dated Sept 14, 2023.
Principal amount not disclosed in 8-K; proceeds for general corporate purposes (expected).

Key facts

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

CITIGROUP INC: Filed Certificate of Designations establishing terms of new Series AA preferred stock, amending Restated Certificate of Incorporation (effective 2023-09-20).

Change: charter amendment
Effective: 2023-09-20

Exact text from the filing

On September 20, 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, 7.625% Fixed Rate Reset Noncumulative Preferred Stock, Series AA. The Certificate of Designations amended Citigroup’s Restated Certificate of Incorporation, as amended, and was effective immediately on filing.

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CITIGROUP INC filing history →

Source: SEC EDGAR

accession 0001193125-23-239568

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