January 2, 2018 / 9:37 PM / 10 months ago

BRIEF-Citigroup Announces Redemption Of Series AA Preferred Stock

Jan 2 (Reuters) - Citigroup Inc:

* CITIGROUP ANNOUNCES REDEMPTION OF SERIES AA PREFERRED STOCK

* CITIGROUP-CO IS REDEEMING, IN WHOLE, ALL $96.8 MILLION AGGREGATE LIQUIDATION PREFERENCE OF DEPOSITARY SHARES

* CITIGROUP INC - ‍CASH REDEMPTION PRICE, PAYABLE ON FEBRUARY 15, 2018 FOR EACH DEPOSITARY SHARE, WILL EQUAL $25​

* CITIGROUP INC - CO'S TIER 1 CAPITAL AND TIER 1 CAPITAL RATIO WILL BE SUBSTANTIALLY UNAFFECTED BY PLANNED REDEMPTION​

* CITIGROUP INC - CO'S TIER 1 CAPITAL, TIER 1 CAPITAL RATIO EXPECTED TO DECREASE BY ABOUT $96.8 MILLION AND 1 BASIS POINT, RESPECTIVELY​ Source text for Eikon: Further company coverage:

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