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C » Topics » Public and Private Exchange Offers

These excerpts taken from the C 10-Q filed Aug 7, 2009.

Public and Private Exchange Offers

        On July 23, 2009 and July 29, 2009, Citigroup closed its exchange offers with the private and public holders of preferred stock and trust preferred securities, as applicable ($32.8 billion in aggregate liquidation value). In connection with these exchanges, the U.S. Treasury also exchanged $25 billion of aggregate liquidation value of its preferred stock, for a total exchange of $57.8 billion. See "Events in 2009—Public and Private Exchange Offers" above.

Public and Private Exchange Offers

        On July 23, 2009 and July 29, 2009, Citigroup closed its exchange offers with the private and public holders of preferred stock and trust preferred securities, as applicable ($32.8 billion in aggregate liquidation value). In connection with these exchanges, the U.S. Treasury also exchanged $25 billion of aggregate liquidation value of its preferred stock, for a total exchange of $57.8 billion.

EXCERPTS ON THIS PAGE:

10-Q (2 sections)
Aug 7, 2009

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