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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Paul Kern who wrote (78687)	1/17/2008 6:01:31 PM
From: Real Man	Respond to of 94695

R.I.P. Citi = R.I.P. U.S.A

To: Paul Kern who wrote (78687)	1/17/2008 6:42:30 PM
From: Qualified Opinion	Respond to of 94695

Citi Announces Conversion Price of $12.5 Billion Private Offering of 7% Convertible Preferred Stock Thursday January 17, 5:19 pm ET NEW YORK--(BUSINESS WIRE)--Citi announced the pricing for the company’s previously disclosed $12.5 billion private offering of depositary shares representing 7% Non-Cumulative Convertible Preferred Stock. The preferred stock will have a conversion price of $31.62. As a result of the pricing of the $12.5 billion private offering and, as contractually required, the maximum conversion price on Citi’s $7.5 billion Upper DECS Equity Units previously sold in a private placement to the Abu Dhabi Investment Authority will be reduced to $31.83, effective within 90 days after December 3, 2008. Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi’s major brand names include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com. Contact: For Citigroup Inc. Media: Christina Pretto, 212-559-9560 Michael Hanretta, 212-559-9466 Shannon Bell, 212-793-6206 or Investors: Scott Freidenrich, 212-559-2718 Arthur Tildesley, 212-559-2718 or Fixed Income Investors: Maurice Raichelson, 212-559-5091 -------------------------------------------------------------------------------- Source: Citigroup Inc. Link: biz.yahoo.com