Actionable news
0
All posts from Actionable news
Actionable news in CVOL: C-TRACKS EXCHANGE TRADED Notes BASED ON THE PERFORMANCE OF THE CITI VOLATILITY INDEX TOTAL RETURN,

Citi Statement on its C-Tracks Exchange-Traded Notes

NEW YORK--(BUSINESS WIRE)--Citigroup Inc. does not intend to issue any additional notes in its three series of C-Tracks ETNs. These ETNs, which will continue to trade on the NYSE Arca, are listed below:

  • C-Tracks Exchange-Traded Notes Based on the Performance of the Citi Volatility Index Total Return Due November 12, 2020 (NYSE Arca:CVOL);
  • C-Tracks Exchange-Traded Notes Based on the Performance of the Miller/Howard MLP Fundamental Index Due September 28, 2023 (NYSE Arca:MLPC); and
  • C-Tracks Exchange-Traded Notes Miller/Howard Strategic Dividend Reinvestor Due September 16, 2024 (NYSE Arca:DIVC).

Citigroup Inc. expects that its affiliate Citigroup Global Markets Inc. (“CGMI”) may continue to sell any of these exchange-traded notes that it now holds or in the future may acquire. These include notes issued by Citigroup Inc. prior to the date of this announcement and not yet sold to the public as well as notes previously issued by Citigroup Inc. that CGMI may repurchase from the public from time to time.

The table below indicates, for each series of exchange-traded notes, the aggregate stated principal amount that has been issued by Citigroup Inc. prior to the date of this announcement, the aggregate stated principal amount of those exchange-traded notes that is currently held by the public and the aggregate stated principal amount of those exchange-traded notes that is currently held by CGMI. The aggregate market value of each is also indicated based on the closing price on the NYSE Arca on June 15, 2015. The stated principal amount of the exchange-traded notes is used to identify units of the notes and differs from the current market value of the notes.

Ticker

Aggregate Previously Issued
Notes

Aggregate Previously Issued
Notes Currently Held by the
Public

Aggregate Previously Issued
Notes Currently Held by
CGMI

CVOL $7,000,000,000 stated...

More