AI English summary of an SEC filing — figures as filed
Citigroup CCitigroup said it filed a Certificate of Designations with the Secretary of State of Delaware on May 28, 2024, establishing a new series of preferred stock, 7.125% Fixed Rate Reset Noncumulative Preferred Stock, Series CC.
Key points
AI summaryCitigroup said it filed a Certificate of Designations with the Secretary of State of Delaware on May 28, 2024, establishing a new series of preferred stock, 7.125% Fixed Rate Reset Noncumulative Preferred Stock, Series CC.
The company said the Certificate of Designations amended its Restated Certificate of Incorporation and took effect immediately upon filing. The document was filed as an exhibit to Form 8-K.
The company said it entered into an Underwriting Agreement dated May 21, 2024 with the underwriters, covering the offer and sale of Depositary Shares, each representing a 1/25th interest in a share of Series CC preferred stock.
The company said it entered into a Deposit Agreement dated May 29, 2024 with Computershare Inc. and its affiliate Computershare Trust Company, N.A., which will act jointly as depositary. An opinion of Skadden, Arps, Slate, Meagher & Flom LLP was also filed as an exhibit.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Citigroup Files Certificate for 7.125% Series CC Preferred Stock
Citigroup said it filed a Certificate of Designations with the Secretary of State of Delaware on May 28, 2024, establishing a new series of preferred stock, 7.125% Fixed Rate Reset Noncumulative Preferred Stock, Series CC.
Source · Based on the filing body and exhibits
Certificate of Designations Amends Charter, Effective Immediately
The company said the Certificate of Designations amended its Restated Certificate of Incorporation and took effect immediately upon filing. The document was filed as an exhibit to Form 8-K.
Source · Based on the filing body and exhibits
Series CC Preferred Depositary Shares and Underwriting Agreement
The company said it entered into an Underwriting Agreement dated May 21, 2024 with the underwriters, covering the offer and sale of Depositary Shares, each representing a 1/25th interest in a share of Series CC preferred stock.
Source · Based on the filing body and exhibits
Deposit Agreement Executed; Legal Opinion Filed as Exhibit
The company said it entered into a Deposit Agreement dated May 29, 2024 with Computershare Inc. and its affiliate Computershare Trust Company, N.A., which will act jointly as depositary. An opinion of Skadden, Arps, Slate, Meagher & Flom LLP was also filed as an exhibit.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
Loading the filing text…