  Citigroup Inc. Message Board    • c11ray c11ray Mar 16, 2013
3:14 PM Flag      Citigroup Announces $3 Billion Redemption of
Trust Preferred Securities      Here is the link that makes a
total of 4.2 billion that the FEDs approved for citi to buy
back.     WOW this will moves us over $60/share very soon.
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Trust Preferred Securities which are actually an equity/bond
hybrid are not counted in the outstanding share count.
Buying back these things is like buy back debt. It uses cash and
they lose the equity on the balance sheet.        It will do
nothing for the stock price. But can't blame a bag holder for
trying to find some ray of a hope in an otherwise financially
hopeless company.        • 3 Replies to stocktor_evil       • so
you think that no one bought C shares last summer for the first
time?          Are you really that dumb?        • Maybe you miss
the point.         These preffereds pay over 7% interest. C will
buy them with, i