WASHINGTON — The Treasury Department announced Monday it plans to sell roughly 7.7 billion Citigroup Inc. common shares this year.

The Treasury received the shares as part of an agreement in 2009 that allowed the government to receive common shares in exchange for preferred stock. The Treasury acquired the preferred stock from Citigroup through the capital purchase program as part of the $700 billion Troubled Asset Relief Program, or Tarp, which helped bail out financial firms during the financial crisis.

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