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.

At Dec. 31, Citicorp had 427.3 million common shares outstanding. The conversions increase the number of shares outstanding, but have no effect on the number of fully diluted shares, which was 505.7 million in the fourth quarter.

With these conversions, Citicorp has no convertible securities outstanding.

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