Re: [C]

buy $5MM of this issue.
Citi 5.80% PFD

Citi 5.8% Perpetual Preferred (cusip: 172967366) , trading ~23.92, buying $5mm worth. got it.

Jeffrey - How aggressive do you want us to be? Buying 200k shares, Citi 5.8% pfd has traded 15.6k shares this morning, 28k dailyavg. Do you want to give us a limit?

Jeffrey - Thus far you have purchased 34,900 shares of Citi 5.8% pfd at $23.9945; the pfd is presently $24, we're working aggressively at that level. Please let us know if you want us to bid higher.

Jeffrey - thus far done on 35,100 Citi 5.8% pfd at $23.9945 working at 24.05 so to continue to participate. given low avg daily volume, unlikely we would get it all 200k done in one day, so working not to push price. please come back to me if you want to be more aggressive.

Thanks!
Tazia

Jeffrey - Thus far done on 36,300 Citi 5.8% pfd at $23.9964. Participating 25% of the volume now. Please let us know if you would like us to be more aggressive. Not enough volume to get done on 200k in one day.

VWAP from time of Order Entry: $24.0117

Jeffrey -

Today you executed the following:

B 49,033 Citi 5.8% pfd at $24.0205

This leaves 150,967 shares to buy. Re-enter tomorrow? Your other Citi pfd is held in Haze. Would you like this booked there as well?

Thank You,

Tazia

Good Morning Jeffrey - Re-enter order? Use limit and/or participate % volume?

vwap ok

Jeffrey - done on 14,900 at 24.19. The size of the vwap order is lifting this bid. Suggest we work just 30-50k shares total on the day. Please let us know.

Jeffrey - Just tried your cell. You are done on 36,600 at $24.22315. Do you want to pull back the throttle by reducing the total share for today's order or using a limit? Please let us know.