Citigroup Inc. Reports Establishment of New Preferred Stock Series
Summary
On February 2, 2026, Citigroup Inc. filed a Certificate of Designations, establishing a new series of 6.250% Noncumulative Preferred Stock, Series II (via Ex. 3.1). This action amended the company's Restated Certificate of Incorporation. A Deposit Agreement dated February 3, 2026, details the terms for depositary shares related to this preferred stock (via Ex. 4.1). The company is offering 32,000,000 depositary shares, each representing a 1/1,000th interest in a share of the new preferred stock (via Ex. 5.1).
Why It Matters
The establishment and offering of a new series of preferred stock, the 6.250% Noncumulative Preferred Stock, Series II, represents a significant capital markets activity for Citigroup Inc. (via Ex. 3.1, 4.1, 5.1). This impacts the company's capital structure and provides a new financing instrument for investors.
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Key Quote
“250% Noncumulative Preferred Stock, Series II.”
— From Item 5.03
Filing Details
Reported Items
Additional Information
- CIK Number
- 0000831001
- Filing Date
- Tuesday, February 3, 2026
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- neutral