Citigroup establishes 7.200% Fixed Rate Reset Noncumulative Preferred Stock, Series BB

CITIGROUP INC

Filed Certificate of Designations on March 5, 2024, creating Series BB preferred stock.
Series BB carries a 7.200% fixed rate reset noncumulative dividend; offered as Depositary Shares (1/25th interest).
Underwriting agreement dated February 28, 2024; proceeds and share count not disclosed in filing.
Exhibit 99.1 lists all registered securities under Section 12(b) – procedural information only.

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, 7.200% Fixed Rate Reset Noncumulative Preferred Stock, Series BB, by filing a Certificate of Designations that amended the Restated Certificate of Incorporation (effective 2024-03-05).

Change: charter amendment
Effective: 2024-03-05

Exact text from the filing

On March 5, 2024, 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, 7.200% Fixed Rate Reset Noncumulative Preferred Stock, Series BB. The Certificate of Designations amended Citigroup’s Restated Certificate of Incorporation, as amended, and was effective immediately on filing.

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Source: SEC EDGAR

accession 0001193125-24-060714

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