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Citigroup logoCitigroup C

The company said it filed a Certificate of Designations with the Secretary of State of Delaware on February 11, 2025, establishing a new series of preferred stock, 6.950% Fixed Rate Reset Noncumulative Preferred Stock, Series FF.

8-KAmendments to Articles of Incorporation or Bylaws; Change in Fiscal YearFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it filed a Certificate of Designations with the Secretary of State of Delaware on February 11, 2025, establishing a new series of preferred stock, 6.950% Fixed Rate Reset Noncumulative Preferred Stock, Series FF.

  2. The company said the Certificate of Designations amended Citigroup's Restated Certificate of Incorporation and took effect immediately upon filing.

  3. Citigroup Inc. said the Underwriting Agreement dated February 5, 2025 relates to the offer and sale of Depositary Shares, each representing a 1/1 interest in a share of Series FF preferred stock. 25th

  4. The company filed the Deposit Agreement dated February 12, 2025, among Citigroup Inc., Computershare Inc. and Computershare Trust Company, N.A., which acts as joint Depositary, and an opinion of Skadden, Arps, Slate, Meagher & Flom LLP as exhibits to this 8-K.

Summary

AI-written

Analysis 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.

New Series FF Preferred Stock Established

The company said it filed a Certificate of Designations with the Secretary of State of Delaware on February 11, 2025, establishing a new series of preferred stock, 6.950% Fixed Rate Reset Noncumulative Preferred Stock, Series FF.

Source · Based on the filing body and exhibits

Charter Amendment Effective Immediately

The company said the Certificate of Designations amended Citigroup's Restated Certificate of Incorporation and took effect immediately upon filing.

Source · Based on the filing body and exhibits

Underwriting Agreement for Depositary Shares

Citigroup Inc. said the Underwriting Agreement dated February 5, 2025 relates to the offer and sale of Depositary Shares, each representing a 1/1 interest in a share of Series FF preferred stock. 25th

Source · Based on the filing body and exhibits

Deposit Agreement and Legal Opinion Filed as Exhibits

The company filed the Deposit Agreement dated February 12, 2025, among Citigroup Inc., Computershare Inc. and Computershare Trust Company, N.A., which acts as joint Depositary, and an opinion of Skadden, Arps, Slate, Meagher & Flom LLP as exhibits to this 8-K.

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.