Citigroup Capital XIII TR PFD SECS (C-PN) is a publicly traded company in the Financial Services sector, operating within the Asset Management industry. The company is headquartered in New York City, DE, United States. The current CEO is Jane Nind Fraser.
C-PN has IPO date of 2010-10-12, listed on the NYSE, a market capitalization of $175.7B.
Citigroup Capital XIII is a statutory trust established to facilitate capital raising activities for Citigroup. The trust issues preferred securities backed by junior subordinated debt securities issued under indentures, serving as an important financing vehicle within Citigroup's corporate structure. Through this mechanism, the trust enables the parent company to access capital markets while maintaining regulatory compliance and optimizing its capital structure. This type of trust arrangement is commonly used by major financial institutions to efficiently manage their financing needs and enhance financial flexibility.
