Citigroup

Citigroup Declares Common Stock Dividend; Citigroup Declares Preferred Dividends

Thursday, October 22, 2020 - 10:45pm

The Board of Directors of Citigroup Inc. also declared dividends on Citigroups preferred stock as follows:

Key Points: 
  • The Board of Directors of Citigroup Inc. also declared dividends on Citigroups preferred stock as follows:
    5.350% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series D, payable November 16, 2020, to holders of record on November 6, 2020.
  • 7.125% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series J, payable December 30, 2020, to holders of record on December 18, 2020.
  • 6.875% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series K, payable November 16, 2020, to holders of record on November 6, 2020.
  • 6.300% Fixed Rate/Floating Noncumulative Preferred Stock, Series M, payable November 16, 2020, to holders of record on November 6, 2020.

Citi Appointed as Depositary Bank for SDIC Power Holding’s GDR Program

Thursday, October 22, 2020 - 10:05pm

Citis Issuer Services business, acting through Citibank, N.A., has been appointed by SDIC Power Holding Co., Ltd. (SDIC Power) a leading power generation company in China, established under the laws of the Peoples Republic of China - to act as Depositary Bank for its Global Depositary Receipt (GDR) program.

Key Points: 
  • Citis Issuer Services business, acting through Citibank, N.A., has been appointed by SDIC Power Holding Co., Ltd. (SDIC Power) a leading power generation company in China, established under the laws of the Peoples Republic of China - to act as Depositary Bank for its Global Depositary Receipt (GDR) program.
  • SDIC Powers GDR program was established in connection with a US$200.6 million initial public offering of its GDRs (or approximately $220.7 million, if the underwriters exercise their over-allotment option in full), priced at US$12.27 per GDR.
  • Citi is proud to be appointed as the Depositary Bank for SDIC Powers LSE Listed GDR Program, said Dirk Jones, Head of Global Issuer Services at Citi.
  • Citi has been appointed as the Depositary Bank for all four LSE GDR programs listed thus far.

Citigroup Chief Administrative Officer Karen Peetz to Present at the Bank of America Future of Financials Conference 2020

Thursday, October 22, 2020 - 9:15pm

Karen Peetz, Chief Administrative Officer of Citigroup, will present at the Bank of America Future of Financials Virtual Conference 2020 on Tuesday, November 10, 2020.

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Yahoo Finance’s “All Markets Summit: Road to Recovery” Global Livestream Event Takes Place on Monday, October 26th at 9AM ET

Thursday, October 22, 2020 - 3:30pm

White House National Economic Council Director Gary Cohn, Rock The Bells Founder & CEO LL COOL J, Citigroup CEO Michael Corbat and Many More

Key Points: 
  • White House National Economic Council Director Gary Cohn, Rock The Bells Founder & CEO LL COOL J, Citigroup CEO Michael Corbat and Many More
    NEW YORK, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Yahoo Finance announced the final lineup of guest speakers for its All Markets Summit: Road to Recovery global livestream event, taking place on Monday, October 26th at 9AM ET.
  • White House National Economic Council Director Gary Cohn, Rock The Bells Founder & CEO LL COOL J, Citigroup CEO Michael Corbat, and many more.
  • Follow Yahoo Finance on Social Media:
    Yahoo Finance is the leading global source of business and finance news and part of the Verizon Media brand portfolio.
  • VERIZONS ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at www.verizon.com/about/news/ .

Financial 15 Split Corp. Regular Monthly Dividend Declaration for Preferred Share

Wednesday, October 21, 2020 - 9:00pm

TORONTO, Oct. 21, 2020 (GLOBE NEWSWIRE) -- Financial 15 Split Corp. ("Financial 15") declares its regular monthly distribution of $0.04583 for each Preferred share ($0.550 annually).

Key Points: 
  • TORONTO, Oct. 21, 2020 (GLOBE NEWSWIRE) -- Financial 15 Split Corp. ("Financial 15") declares its regular monthly distribution of $0.04583 for each Preferred share ($0.550 annually).
  • Distributions are payable November 10, 2020 to shareholders on record as at October 30, 2020.
  • Since inception Class A shareholders have received a total of $20.40 per share and Preferred shareholders have received a total of $8.98 per share inclusive of this distribution, for a combined total of $29.38.
  • Financial 15 invests in a high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corporation, Sun Life Financial, Great-West Lifeco, CI Financial Corp, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co. and Wells Fargo & Co.

Chubb Appoints Alex Forman as Casualty Manager for UK&I

Wednesday, October 21, 2020 - 11:06am

In this role, Alex will be responsible for the profitability and growth of Chubb's UK&I Casualty portfolio with product line oversight of all casualty business written throughout the region.

Key Points: 
  • In this role, Alex will be responsible for the profitability and growth of Chubb's UK&I Casualty portfolio with product line oversight of all casualty business written throughout the region.
  • Alex was previously Head of UK Retail Underwriting for Swiss Re Corporate Solutions, after joining in 2012.
  • Mark Roberts, P&C Chief Underwriting Officer UK&I, Chubb said:
    "I'm delighted to have Alex join the UK&I product line management team.
  • This appointment will help position Chubb at the forefront of the casualty market by delivering growth and effective solutions at an exciting time for our business."

Royalty Pharma Announces Closing of Secondary Offering of Class A Ordinary Shares by Selling Shareholders

Tuesday, October 20, 2020 - 9:32pm

NEW YORK, Oct. 20, 2020 (GLOBE NEWSWIRE) -- Royalty Pharma plc (the Company) (Nasdaq: RPRX) announced today the closing of the secondary offering of 17,343,037 shares of its Class A ordinary shares by selling shareholders in an underwritten public offering at a price to the public of $42.00 per share.

Key Points: 
  • NEW YORK, Oct. 20, 2020 (GLOBE NEWSWIRE) -- Royalty Pharma plc (the Company) (Nasdaq: RPRX) announced today the closing of the secondary offering of 17,343,037 shares of its Class A ordinary shares by selling shareholders in an underwritten public offering at a price to the public of $42.00 per share.
  • The Company did not receive any of the proceeds from the sale of its Class A ordinary shares by the selling shareholders.
  • J.P. Morgan, Morgan Stanley, BofA Securities, Goldman Sachs & Co. LLC and Citigroup acted as joint lead book-running managers and as representatives of the underwriters for the offering.
  • Cowen, Evercore ISI, Truist Securities and UBS Investment Bank also acted as joint book-running managers for the offering.

Citigroup Treasurer Michael Verdeschi to Present at the 39th Annual BancAnalysts Association of Boston Conference

Monday, October 19, 2020 - 9:15pm

Michael Verdeschi, Treasurer of Citigroup, will present at the 39th Annual BancAnalysts Association of Boston Conference on Friday, November 6, 2020.

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Citi Launches “True Name” Feature with Mastercard Across the U.S.

Monday, October 19, 2020 - 1:30pm

Effective immediately, eligible existing credit cardmembers will be able to request a new credit card, which displays their chosen name.

Key Points: 
  • Effective immediately, eligible existing credit cardmembers will be able to request a new credit card, which displays their chosen name.
  • At Citi, we are passionate about helping to ensure our customers feel recognized, accepted and empowered to be their true selves, said Carla Hassan, Citi Chief Marketing Officer.
  • By working with Citi and its significant network, were thrilled that well be able to extend the reach and impact of the True Name initiative.
  • Citis launch of Mastercards True Name feature is an extension of the banks ongoing commitment to the LGBTQ+ community.

Citi Appointed by Emles Advisors to Provide Securities Services for New Family of ETFs

Monday, October 19, 2020 - 1:59pm

Citi has been appointed by Emles Advisors to provide securities services for its new family of ETFs, which launched on October 15.

Key Points: 
  • Citi has been appointed by Emles Advisors to provide securities services for its new family of ETFs, which launched on October 15.
  • As part of the mandate, Citi will provide fund administration, global custody, transfer agency and ETF services.
  • We are proud to have been selected by Emles as their partner for growth as they bring their first ETFs to market, said Dominic Crowe, North America Head of Custody and Fund Services at Citi.
  • Emles Advisors will benefit from Citis state-of-the-art technology and fund services expertise, joining a growing list of ETF issuers, both new and established, in choosing Citi.