Citigroup (C)

Future issuance of Citigroup common stock and preferred stock may reduce any earnings available to common stockholders and the return on the Company’s equity.

During 2008, Citigroup raised a total of approximately $77.3 billion in private and public offerings of preferred and common stock and warrants to purchase common stock, including issuances to the U.S. government under TARP. While this additional capital provides further funding to Citigroup’s businesses and has improved the Company’s financial position, it has increased the Company’s equity and the number of actual and diluted shares of Citigroup common stock. On February 27, 2009, Citigroup announced an exchange offer of its common stock for up to $27.5 billion of its existing preferred securities and trust preferred securities. The U.S. government will

Future issuance of Citigroup common stock and preferred stock may reduce any earnings available to common stockholders and the return on the Company’s equity.

During 2008, Citigroup raised a total of approximately $77.3 billion in private and public offerings of preferred and common stock and warrants to purchase common stock, including issuances to the U.S. government under TARP. While this additional capital provides further funding to Citigroup’s businesses and has improved the Company’s financial position, it has increased the Company’s equity and the number of actual and diluted shares of Citigroup common stock. On February 27, 2009, Citigroup announced an exchange offer of its common stock for up to $27.5 billion of its existing preferred securities and trust preferred securities. The U.S. government will