Welcome to our dedicated page for Citigroup news (Ticker: $C), a resource for investors and traders seeking the latest updates and insights on Citigroup stock.
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Citigroup has announced the redemption of $1.5 billion of its 4.140% Fixed Rate/Floating Rate Notes and $500 million of its Floating Rate Notes, both due in 2025. The redemption date is set for May 24, 2024. The redemption price will be par plus accrued and unpaid interest up to the redemption date. This move aligns with Citigroup's strategy to optimize its funding and capital structure. From the redemption date, interest will no longer accrue on these notes. Citigroup will continue to evaluate opportunities for redeeming or repurchasing securities based on economic, regulatory, and market conditions.
Farmer Mac's board of directors has announced a second quarter dividend of $1.40 per share for its common stockholders, payable on June 28, 2024. The dividend pertains to Class A Voting Common Stock (NYSE: AGM.A), Class B Voting Common Stock, and Class C Non-Voting Common Stock (NYSE: AGM). Additionally, dividends for five classes of preferred stock have been declared, with payments scheduled for July 17, 2024.
Farmer Mac also plans to redeem all 3,000,000 shares of its Series C Preferred Stock (NYSE: AGM.PR.C) valued at $75 million. Holders will receive a written notice between 30 and 60 days before the redemption date, which will not affect the dividend payments declared for July 17, 2024.
Farmer Mac continues its mission to provide accessible financing to American agriculture and rural infrastructure, supporting various customers including agricultural lenders and rural electric cooperatives.
Citi announced the Citi Strata Premier Card, an enhancement of the Citi Premier Card, offering increased benefits and opportunities to earn ThankYou Points with the same $95 annual fee. The new card provides travel protections, a sleek design, and various ways to earn points. Cardmembers can enjoy new benefits like 10 ThankYou Points for travel expenses, 4 new travel protection benefits, and more. With access to the ThankYou Rewards program, cardmembers can earn points without expiration and transfer them to airline and hotel partners.
Citi has made a strategic investment in Cicada Technologies Inc. to facilitate institutional e-trading of Mexican government bonds. Cicada's innovative all-to-all trading system allows global institutional market participants to trade Mexican government bonds without a pre-existing relationship. Citi will act as a liquidity provider for the trading platform, aiming to increase electronification in the Mexican fixed income market.
Citigroup Inc. announces the redemption of $2.0 billion of its 0.981% Fixed Rate / Floating Rate Notes due 2025 and $500.0 million of its Floating Rate Notes due 2025. The redemptions aim to enhance funding and capital structure efficiency, with further opportunities considered based on various factors. Interest will cease accruing on the notes post-redemption date.
