Citigroup to redeem all $1.25 billion 5.35% series D preferred stock

By Wendy Van Sickle

Columbus, Ohio, April 15 – Citigroup Inc. will redeem all $1.25 billion of its series D depository shares representing interests in its 5.35% fixed-to-floating rate non-cumulative preferred stock, according to a press release.

The redemption will take place on May 15.

The redemption price per depository share will be $1,000, and holders of record on May 3 will also receive the previously declared regular quarterly dividend of $22.5865 per depositary share payable on the redemption date.

Computershare Trust Co. is the paying agent.

Citigroup is a New York-based bank.

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