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Citigroup logoCitigroup C

Citigroup said it filed a Certificate of Designations with the Delaware Secretary of State on July 22, 2025, setting the terms of a new series of preferred stock, 6.875% Fixed Rate Reset Noncumulative Preferred Stock, Series GG.

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

Key points

AI summary
  1. Citigroup said it filed a Certificate of Designations with the Delaware Secretary of State on July 22, 2025, setting the terms of a new series of preferred stock, 6.875% Fixed Rate Reset Noncumulative Preferred Stock, Series GG.

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

  3. The company attached an Underwriting Agreement dated July 16, 2025, which it said relates to the offer and sale of Depositary Shares, each representing a 1/25th interest in a share of 6.875% Series GG preferred stock.

  4. Citigroup Inc. attached a Deposit Agreement dated July 23, 2025 with Computershare Inc. and Computershare Trust Company, N.A., which serves as joint Depositary, and also attached an opinion from Skadden, Arps, Slate, Meagher & Flom LLP.

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.

Filing of Series GG Preferred Stock Certificate of Designations

Citigroup said it filed a Certificate of Designations with the Delaware Secretary of State on July 22, 2025, setting the terms of a new series of preferred stock, 6.875% Fixed Rate Reset Noncumulative Preferred Stock, Series GG.

Source · Based on the filing body and exhibits

Amendment to Restated Certificate of Incorporation Effective on Filing

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 and Depositary Shares Structure

The company attached an Underwriting Agreement dated July 16, 2025, which it said relates to the offer and sale of Depositary Shares, each representing a 1/25th interest in a share of 6.875% Series GG preferred stock.

Source · Based on the filing body and exhibits

Deposit Agreement Parties and Attached Documents

Citigroup Inc. attached a Deposit Agreement dated July 23, 2025 with Computershare Inc. and Computershare Trust Company, N.A., which serves as joint Depositary, and also attached an opinion from Skadden, Arps, Slate, Meagher & Flom LLP.

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.