logo
Share SHARE
FONT-SIZE Plus   Neg

Citigroup To Make Adjustments For T-DECS Resulting From Common Dividend

Financial services company Citigroup Inc (C) Friday announced that it would make an adjustment to the settlement rates and certain other terms of Citi's T-DECS,, on payment of the dividend of $0.01 per share of common stock payable on February 24, 2012.

Citigroup stated that no adjustment will be made to the terms of Citi's warrants or convertible preferred stock if the amount of the dividend to be paid is less than the threshold amount required for an adjustment.

The company stated that the minimum Threshold Rate would be 2.5418 prior to February 24, 2012 and after that date, the minimum Threshold Rate would be 2.5426.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Amazon.com Inc. is working on developing a pair of smart glasses that would allow to summon and interact with virtual assistant Alexa while wearing the device, the Financial Times reported, citing people familiar with the plans. The glasses, which would be required to be connected wirelessly to a smartphone to work, is reportedly designed to look like a regular pair of spectacles. Employees at Bombardier Inc.'s aerospace plant in Toronto plan to walk out of the facility on Wednesday morning. The move is an attempt to put pressure on Boeing Co. to drop a trade complaint against the Canadian plane and train maker. The Baltimore Ravens, a professional American football team, postponed its "DNA Day" event just hours before this season's home opener last Sunday. Orig3n Inc., a Boston-based biotech company sponsoring the event, said in a statement that it is "working to address questions from officials from the state of Maryland."
comments powered by Disqus
Follow RTT