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
Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%. Here is a quick summary of the earnings reported after the bell on Nov. 24. 1. Amira Nature Foods Ltd (ANFI) reported net income for the second quarter of $8.3 million or $0.29 per share, compared to $5.0 million or $0.18 per share for the year-ago quarter. Excluding items, adjusted earnings...
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.