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Banking & Financial Institutions

Treasury prepares sale of Citigroup stock

by Jay Heflin - 04/26/10 12:49 PM ET
by Jay Heflin - 04/26/10 12:49 PM ET

Treasury received common shares of Citigroup last summer to shore up the bank’s capital base. The Department exchanged the $25 billion in preferred stock it received in connection with the bank participating in the Capital Purchase Program for common shares at a price of $3.25 per share.

Treasury’s SEC filing does not cover the Department’s holdings of Citigroup trust preferred securities or warrants for its common stock, which will be disposed of separately.

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