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Citigroup Announces Partial Redemption of Series J Preferred Stock

Retrieved on: 
Wednesday, November 29, 2023

Citigroup Inc. is redeeming 16,000 shares out of 38,000 shares outstanding of its 7.125% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series J (ticker “C Pr J”) (the “Preferred Stock”), equivalent to $400 million out of an outstanding total of $950 million aggregate liquidation preference of Series J Depositary Shares representing interests in its Preferred Stock.

Key Points: 
  • Citigroup Inc. is redeeming 16,000 shares out of 38,000 shares outstanding of its 7.125% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series J (ticker “C Pr J”) (the “Preferred Stock”), equivalent to $400 million out of an outstanding total of $950 million aggregate liquidation preference of Series J Depositary Shares representing interests in its Preferred Stock.
  • The redemption date for the Preferred Stock and related Depositary Shares is December 29, 2023 (the “Redemption Date”).
  • Dividends on the Depositary Shares representing the Preferred Stock that are redeemed will cease to accrue beginning on the Redemption Date.
  • Depositary Shares not selected for redemption will remain outstanding after the Redemption Date and will continue to accrue dividends, when declared on the outstanding Preferred Stock.

Citigroup Announces Full Redemption of Series K Preferred Stock

Retrieved on: 
Monday, October 16, 2023

Citigroup Inc. is redeeming, in whole, all $1.495 billion aggregate liquidation preference of Series K Depositary Shares representing interests in its 6.875% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series K (ticker “C Pr K”) (the “Preferred Stock”).

Key Points: 
  • Citigroup Inc. is redeeming, in whole, all $1.495 billion aggregate liquidation preference of Series K Depositary Shares representing interests in its 6.875% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series K (ticker “C Pr K”) (the “Preferred Stock”).
  • The redemption date for the Preferred Stock and related Depositary Shares is November 15, 2023 (the “Redemption Date”).
  • The cash redemption price, payable on the Redemption Date for each Depositary Share, will equal $25.
  • Beginning on the Redemption Date, the Depositary Shares representing the redeemed Preferred Stock will no longer be outstanding and dividends will no longer accrue on such securities.

Citigroup Announces Full Redemption of Series A Preferred Stock

Retrieved on: 
Friday, September 29, 2023

Citigroup Inc. is redeeming, in whole, all $1.5 billion aggregate liquidation preference of Series A Depositary Shares representing interests in its 5.950% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series A (the “Preferred Stock”).

Key Points: 
  • Citigroup Inc. is redeeming, in whole, all $1.5 billion aggregate liquidation preference of Series A Depositary Shares representing interests in its 5.950% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series A (the “Preferred Stock”).
  • The redemption date for the Preferred Stock and related Depositary Shares is October 30, 2023 (the “Redemption Date”).
  • The cash redemption price, payable on the Redemption Date for each Depositary Share, will equal $1,000.
  • Beginning on the Redemption Date, the Depositary Shares representing the redeemed Preferred Stock will no longer be outstanding and dividends will no longer accrue on such securities.

Hammerhead Energy Inc. Announces Plans to Redeem Public Warrants

Retrieved on: 
Wednesday, August 16, 2023

At the Company’s request, the Warrant Agent has delivered the Notice of Redemption to each of the registered holders of the Public Warrants on behalf of the Company.

Key Points: 
  • At the Company’s request, the Warrant Agent has delivered the Notice of Redemption to each of the registered holders of the Public Warrants on behalf of the Company.
  • Holders of Public Warrants must follow the instructions provided in the Notice of Redemption in order to validly exercise their Public Warrants.
  • Public Warrants that remain unexercised following 5 p.m. New York City time on September 15, 2023 will be void and no longer exercisable, and the registered holders of such unexercised Public Warrants will only be entitled to receive the Redemption Price per Public Warrant.
  • Additionally, at 5 p.m. New York City time on the Redemption Date, the Public Warrants will cease trading on the NASDAQ Stock Market and the Toronto Stock Exchange.

QTS Realty Trust Announces Mandatory Conversion of Series A Preferred Units

Retrieved on: 
Friday, July 21, 2023

OVERLAND PARK, Kan., July 21, 2023 /PRNewswire/ -- QTS Realty Trust ("QTS") today announced the exercise of its right to convert each outstanding 6.50% Series A Cumulative Convertible Perpetual Preferred Limited Liability Company Unit of QTS (each, a "Series A Preferred Unit") into $167.40 in cash, in accordance with the terms of the Series A Preferred Units.

Key Points: 
  • OVERLAND PARK, Kan., July 21, 2023 /PRNewswire/ -- QTS Realty Trust ("QTS") today announced the exercise of its right to convert each outstanding 6.50% Series A Cumulative Convertible Perpetual Preferred Limited Liability Company Unit of QTS (each, a "Series A Preferred Unit") into $167.40 in cash, in accordance with the terms of the Series A Preferred Units.
  • The mandatory conversion date will be July 28, 2023 (the "Mandatory Conversion Date").
  • Distributions will cease to accrue on the Series A Preferred Units on the Mandatory Conversion Date, and all rights of the holders of Series A Preferred Units will terminate on such date, except for the right to receive $167.40 in cash per unit.
  • Computershare is serving as the conversion agent and can be contacted at c/o Computershare, Mandatory Corporate Actions; COY: QTS, 150 Royall Street, Suite 101, Canton, MA 02021.

Citigroup Announces Full Redemption of Series B Preferred Stock

Retrieved on: 
Friday, July 14, 2023

Citigroup Inc. is redeeming, in whole, all $750 million aggregate liquidation preference of Series B Depositary Shares representing interests in its 5.90% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series B (the “Preferred Stock”).

Key Points: 
  • Citigroup Inc. is redeeming, in whole, all $750 million aggregate liquidation preference of Series B Depositary Shares representing interests in its 5.90% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series B (the “Preferred Stock”).
  • The redemption date for the Preferred Stock and related Depositary Shares is August 15, 2023 (the “Redemption Date”).
  • The cash redemption price, payable on the Redemption Date for each Depositary Share, will equal $1,000.
  • Beginning on the Redemption Date, the Depositary Shares representing the redeemed Preferred Stock will no longer be outstanding and dividends will no longer accrue on such securities.

Hunt A Killer Wins Best Gift Awards and Launches New Site Ahead of Holiday Season

Retrieved on: 
Thursday, October 6, 2022

BALTIMORE, Oct. 6, 2022 /PRNewswire/ -- Hunt A Killer, the immersive entertainment company and makers of the popular mystery, sci-fi, and horror-themed games is kicking off the holiday season with two exciting announcements. First, the company is proud to announce that two of its 2022 game releases were awarded by Pop Insider as a Best Geeky Gift in two separate categories. Dead Below Deck has been chosen as a Best Gift for Pop Insider's Games category, and its immersive jigsaw puzzle Whodonut? was awarded as a Best Gift in the Puzzles category. The news was announced in the publication's holiday gift guide.

Key Points: 
  • Dead Below Deck has been chosen as a Best Gift for Pop Insider's Games category, and its immersive jigsaw puzzle Whodonut?
  • Hunt A Killer unveils a redesigned website with new functionality, features, and available games ahead of the holidays.
  • In addition, the Hunt A Killer team has unveiled a redesigned website with new functionality, features, and available games ahead of the holiday season.
  • Hunt A Killer strives to create meaningful experiences that are unbound by traditional mediums or genres, and redefine how stories are told.

International Healthcare Executive, Georgina Rizik, to Lead London’s New Life Sciences Innovation District, SC1

Retrieved on: 
Friday, June 24, 2022

SC1, Londons new Life Sciences Innovation District being developed in south central London, UK, has announced the appointment of a new Executive Director, Georgina Rizik.

Key Points: 
  • SC1, Londons new Life Sciences Innovation District being developed in south central London, UK, has announced the appointment of a new Executive Director, Georgina Rizik.
  • Georgina is a leading international healthcare and biotechnology commercial executive with over 25 years experience across private, public and non-profit organisations.
  • Starting in June, Georgina will lead SC1, which was founded by Kings Health Partners, Guys & St Thomas Foundation, and Lambeth and Southwark councils.
  • It is a privilege and honour to be the leader for SC1, Londons Life Sciences Innovation District.

Hunt A Killer Unveils a Summer Lineup of Mystery and Intrigue

Retrieved on: 
Wednesday, June 15, 2022

SEATTLE, June 15, 2022 /PRNewswire-PRWeb/ -- Everyone knows that summer is a time for adventure, a good campfire story, and a little mystery too. Hunt A Killer, the immersive entertainment company, announced today the upcoming release of three new mystery experiences. Players will investigate and solve cases revolving around a death at a vineyard, a murder on a luxury yacht, and the mysterious death of a famous figure skating coach.

Key Points: 
  • Hunt A Killer, the immersive entertainment company, announced today the upcoming release of three new mystery experiences.
  • "There's nothing better than tackling a mystery with family and friends," said Yasmin Moorman, Hunt A Killer's Chief Business and Operating Officer.
  • The games are going to thrill our longtime fans and new players will be hooked when they realize that no one produces a better mystery than Hunt A Killer."
  • Hunt A Killer has also recently announced the release of Hunt A Killer: The Detective's Puzzle Book .

Banc of California Announces Redemption of Series E Preferred Stock and Quarterly Dividends

Retrieved on: 
Wednesday, February 9, 2022

Banc of California, Inc. (NYSE: BANC) today announced that it will redeem on March 15, 2022 all of its outstanding 7.00% Non-Cumulative Perpetual Preferred Stock, Series E, par value $0.01 per share (the Series E Preferred Stock), and the corresponding depositary shares, each representing a 1/40th interest in a share of the Series E Preferred Stock (the Series E Depositary Shares).

Key Points: 
  • Banc of California, Inc. (NYSE: BANC) today announced that it will redeem on March 15, 2022 all of its outstanding 7.00% Non-Cumulative Perpetual Preferred Stock, Series E, par value $0.01 per share (the Series E Preferred Stock), and the corresponding depositary shares, each representing a 1/40th interest in a share of the Series E Preferred Stock (the Series E Depositary Shares).
  • In addition, Banc of California announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share on its outstanding common stock and a quarterly dividend of $0.4375 per depositary share on its 7.00% Series E Preferred Stock.
  • The Series E Preferred Stock will be redeemed at a redemption price per share equal to $1,000 (equivalent to $25 per Series E Depositary Share).
  • In addition to the redemption of the Series E Preferred Stock, the Board of Directors has declared a quarterly cash dividend of $0.06 per share on its outstanding common stock.