Citigroup ($C) entered an Underwriting Agreement dated Feb 5, 2026 to offer Depositary Shares (each = 1/25…
Filed with the SEC on · Summarized by InvestorsBot
Citigroup ($C) entered an Underwriting Agreement dated Feb 5, 2026 to offer Depositary Shares (each = 1/25 interest in a share) of 6.500% Fixed Rate Reset Noncumulative Preferred Stock, Series JJ. 📄💵 #PreferredStock #CapitalMarkets
Deposit Agreement dated Feb 12, 2026 names Computershare Inc. & Computershare Trust Co., N.A. as Depositary/Registrar/Transfer Agent for the Series JJ depositary shares; Skadden provided legal opinion; securities registered under Section 12(b). 🏦📄 $C #SEC #Compliance
What investors should watch: Series JJ pays 6.50% with a reset feature and will trade via depositary shares (25 = 1 preferred). Offering is underwritten — monitor forthcoming filings for size, pricing and potential impact on capital structure. 📈 $C #IncomeInvesting #Citi