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
Computer and printer maker Hewlett-Packard Co. said Thursday after the markets closed that its second quarter profit fell 21% from last year, hurt by lower revenue and costs related to the planned separation of the company. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Accounting software maker Intuit reported a plunge in third-quarter profit, hurt by impairment charges, even as results topped Wall Street estimates, driven by growth in small business segment amid a strong tax season. Struggling teen-apparel retailer Aeropostale Inc. (ARO), Thursday said its first-quarter loss narrowed from a year ago, driven largely by stronger margins even as revenues continued to plunge dropped. Nevertheless, the company lost almost one-fifth of its market value in after-hours trade, with the...
comments powered by Disqus
RELATED NEWS
Trade C now with 
Follow RTT