WOW: Department of Treasury using @secondmarket to sell Citigroup shares

ummmmm….. so much for the Government having a problem with the secondary market for stocks!

go SecondMarket! 

best jason

This morning, the U.S. Department of the Treasury announced it will auction its warrant positions in Citigroup, Inc. SecondMarket is assisting the sole book-running manager, Deutsche Bank Securities, Inc., in its capacity as the auction agent.

To participate in the auction of Citigroup, Inc. warrants, please complete the following steps by 4:15 PM (EST) tomorrow, Tuesday, January 25, 2011:


Series A Warrant Details:

  • Issuer:  Citigroup, Inc.
  • Number of Warrants:  255,033,142
  • Exercise Price:  $10.61
  • Expiration Date:   01/04/2019
  • Exercise Method:  Cashless only
  • Registration Status:  Registered
  • Other:  Dividend Protection (over $0.01 per quarter), standard adjustments of stock splits, subdivisions and reclassifications
  • Minimum Bid Price:  $0.60
  • Bid Increment:  $0.01


Series B Warrant Details:

  • Issuer:  Citigroup, Inc.
  • Number of Warrants:  210,084,034
  • Exercise Price:  $17.85
  • Expiration Date:  10/28/2018
  • Exercise Method:  Cashless only
  • Registration Status:  Registered
  • Other:  Dividend Protection (over $0.16 per quarter), standard adjustments of stock splits, subdivisions and reclassifications
  • Minimum Bid Price:  $0.15
  • Bid Increment:  $0.01

Regards,

Restricted Securities Market Team 
www.SecondMarket.com

 

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