Summary by Moomoo AI
Citigroup Inc. has notified the Securities and Exchange Commission (SEC) of its intention to remove a class of its securities from listing and registration on the New York Stock Exchange (NYSE). The securities in question are Depositary Shares, each representing a 1/1000th interest in a share of 7.125% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series J. The removal is in accordance with Rule 12d2-2(a), following the redemption of the entire class of these securities on March 29, 2024. Citigroup ensured that appropriate notice was given and that sufficient funds for the payment of all such securities were deposited with an authorized agency, with funds made available to security holders on the same day. Consequently, trading of this security was suspended on April 1, 2024. The NYSE has complied with its rules and the SEC's requirements for the voluntary withdrawal of the securities from listing and registration, with the removal set to take effect at the opening of business on April 12, 2024.