Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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

RELATED NEWS
Trade C now with 

Financial services company Citigroup Inc (C: Quote) 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.

Click here to receive FREE breaking news email alerts for Citigroup Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Software giant Microsoft Corp. said Thursday after the markets closed that its first quarter profit fell 13% from last year, hurt mainly by integration and restructuring costs even as revenue surged 25% thanks to strong sales of its gadgets and cloud-based products. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue. After turning lower over the course of the previous session, stocks showed a substantial move back to the upside during trading on Thursday. The gains more than offset yesterday's loss, extending the recovery from the recent sell-off. Alaska Congressman Don Young, R-Ak., is once again making headlines with comments linking the state's high suicide rate to an increase in government assistance. Young told an audience at a senior center on Wednesday that the suicide problem didn't exist until there was "largesse" from the government.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.