Citigroup Reverse Stock Split 2009 //

19/03/2009 · Citigroup unveiled plans Thursday to pursue a reverse stock split, and the company officially gave notice of its previously announced plans to convert the government's massive preferred share stake into common stock. 20/03/2009 · CITIGROUP surprised Wall Street on Thursday with news that it was considering a bit of financial gymnastics to raise its sunken share price. The financial giant said it might execute what is known as a reverse stock split — the market equivalent. 19/03/2009 · Last week I wrote a story about a pending boom of reverse stock splits. In that piece, Anton Schutz, manager of the Burnham Financial Services Fund BURKX, predicted that Citigroup C would engineer a reverse stock split in the coming months. 29/11/2019 · Citigroup initially put forth the proposal for a reverse stock split in its 2009 proxy statement. This occurred after the stock infamously fell below $1 in March of that year when U.S. equities were at their lows of the financial crisis. 19/03/2009 · Citigroup said Thursday it planned to propose a reverse stock split for its common shares, as well as an increase in its authorized shares outstanding, as the troubled bank moved ahead with a previously announced plan to convert preferred shares to common equity. Citi also said it filed a.

07/03/2009 · Citigroup C Reverse Stock Split 3/19/09. Citigroup C stock is opening pre market today, March 19, 2009, at $3.12 as the company has filed a proxy to do a reverse stock split. Citigroup Stock Split News - March 19, 2009. 19/03/2009 · Beleaguered Citigroup, in a desperate attempt to boost its stock price said Thursday it will increase the number of shares outstanding as it tries to convert expensive preferred equity into low-yielding common and may execute a reverse stock split. Citi's stock price. Citigroup C has 10 splits in our Citigroup stock split history database. The first split for C took place on March 13, 1987. This was a 2 for 1 split, meaning for each share of C owned pre-split, the shareholder now owned 2 shares.

21/03/2011 · Get the latest financial news from Citi, the worldwide leader in consumer and corporate banking. 21/03/2011 · NEW YORK CNNMoney -- Citigroup on Monday announced a 1-for-10 reverse stock split of the company's common shares, and the bank will also reinstate its quarterly dividend. Citi C, Fortune 500 common stock will begin trading on a split-adjusted basis at the start of trading on the New York Stock. 24/04/2013 · NEW YORK TheStreet -- It has been nearly two years since Citigroup C - Get Report decided to do a 10-for-1 reverse stock split, but it is still a sore point for Citigroup's long-time shareholders. At the bank's annual meeting in New York on. 20/03/2009 · The blogosphere is filled with opinions from folks who are either angry or applauding news that Citigroup C is to boost its share price. Citigroup closed up slightly Friday at $2.62. As for my own post, Is Citi’s Reverse Stock Split a Smart Move?, the comments range from laudatory to angry to. A little over 2 years after this article was written, Citigroup did actually begin trading post-reverse-stock-split. I've added 2 additional articles relating to the May 2011 news here: Citigroup Announces 1-for-10 Reverse Stock Split and Citigroup Begins Trading Post 1-for-10 Reverse Stock Split May 9, 2011.

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