C-Tracks ETNs on the Miller/Howard MLP Fundamental Index, Series B
MLPE
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- IPO Date
- Aug 8, 2016
- Similar Companies
- Business
- Citigroup Global Markets Holdings Inc. (CGMHI) issues C-Tracks exchange-traded notes (ETNs), including the C-Tracks ETNs on the Miller/Howard MLP Fundamental Index, Series B (ticker: MLPE), which provide investors with exposure to the performance of the Miller/Howard MLP Fundamental Index and any distributions paid on its constituent securities, reduced by an accrued investor fee; the ETNs are unsecured senior debt securities guaranteed by parent company Citigroup Inc., with no guarantee of principal return and potential for variable quarterly coupon payments based on index distributions. The Miller/Howard MLP Fundamental Index, developed by Miller/Howard Investments, Inc. and calculated by CBOE, measures the performance of 25 energy master limited partnerships (MLPs) selected quarterly using quantitative factors such as distribution growth, estimated capital expenditures, and distribution coverage. MLPE, with CUSIP 17324P859, matures on July 13, 2026, trades on NYSE Arca, and allows early redemption by investors (minimum 25,000 units subject to a redemption charge) or full issuer call on or after January 1, 2017. Headquartered in New York, New York, and founded in 1977 as a wholly-owned indirect subsidiary of Citigroup Inc., CGMHI operates globally through its affiliation with Citigroup, serving institutional clients, corporations, governments, and individuals via investment banking, securities brokerage, financial advisory, research, capital raising, sales and trading across equities, fixed income, commodities, and derivatives, as well as market-making and risk management solutions in over 80 countries. The company targets energy sector investors seeking MLP exposure without direct ownership complexities, such as tax issues, through ETNs like MLPE, alongside other C-Tracks products linked to volatility, dividends, and strategic indices. In recent developments, CGMHI continues to support outstanding C-Tracks ETNs like MLPE amid a maturing profile, with the product remaining active as of late 2025 despite low trading volume (average 468.70 shares) and price fluctuations between $6.16 and $19.47 over the past 52 weeks; no new issuances of MLPE have occurred since inception, consistent with Citigroup's 2015 discontinuance of further issuances for certain related series like MLPC. Related C-Tracks ETNs, including those on the Miller/Howard MLP Fundamental Index (MLPC), underwent early full redemption in October 2020, reflecting strategic portfolio management, while MLPE persists toward its 2026 maturity without reported accelerations or delistings. Citigroup's broader markets division maintains active ETN and structured product offerings, with no major MLPE-specific partnerships, funding, or launches noted in the last 1-2 years, though ongoing quarterly coupon mechanics and index tracking ensure operational continuity.