Citigroup Capital XIII TR PFD SECS

Citigroup Capital XIII TR PFD SECS

C-PN
Citigroup Capital XIII TR PFD SECSUS flagNew York Stock Exchange
28.69
USD
-0.15
- -
167.69BMarket Cap
No data availableFinancial data will appear here once available

Capital Structure

FRC

in mil. unless spec.
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Working Capital

FRC

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChat
CEO
Jane Nind Fraser
Sector
Financial Services
Industry
Asset Management
Address
388 Greenwich Street New York NY United States of America 10013
IPO Date
Oct 12, 2010
Business
Citigroup Capital XIII (C-PN) operates as a Delaware statutory trust sponsored by Citigroup Inc., primarily engaged in issuing trust preferred securities, also known as TruPS, to support the issuance of junior subordinated debt securities by its parent company; these securities feature fixed-to-floating rate dividends and serve as a financing vehicle within the financial services sector, specifically asset management and capital markets. The trust offers 7.875% Fixed Rate/Floating Rate Trust Preferred Securities with CUSIP 173080201, carrying a liquidation amount of $2,246 million across 89.84 million shares traded on the New York Stock Exchange under the ticker C-PN; dividends currently accrue at 3-month SOFR plus 663.161 basis points, with quarterly payments yielding approximately 9.3% based on recent market prices around $30 per share. Founded in connection with its October 5, 2010 issuance date and maturing on October 30, 2040, the trust maintains its principal activities aligned with Citigroup Inc.'s headquarters in New York, USA, and global banking operations across multiple regions including North America, Europe, and Asia. The securities became callable on or after October 30, 2015, providing Citigroup Inc. flexibility in capital management; recent dividend declarations include payments of approximately $0.69-$0.70 per share in 2025, such as the ex-dividend date of July 29, 2025, with no reported redemptions, acquisitions, or structural changes to the trust in the last 1-2 years amid stable market conditions for TruPS instruments.