AI English summary of an SEC filing — figures as filed
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.
Key points
AI summaryCitigroup 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.
The company said the Certificate of Designations amended Citigroup's Restated Certificate of Incorporation and took effect immediately upon filing.
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.
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-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.
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.
Loading the filing text…