Citicorp said all the investors in its Series 12 and Series 13 convertible preferred stock, whose call had been announced last month, have elected to convert to common stock.

As a result, 58.9 million common shares have been issued.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.