Citi (C) to Sell Remaining 8M Stake in Primerica (PRI)

Primerica, Inc. (NYSE: PRI) today announced that Citigroup (NYSE: C) has commenced a public offering of approximately 8 million shares of Primerica’s common stock, representing all of the remaining shares beneficially owned by Citigroup immediately following Primerica’s initial public offering. A subsidiary of Citigroup will receive all of the net proceeds from the offering and Citigroup Global Markets Inc. will act as sole book-running manager for the offering.

The offering will be made pursuant to Primerica’s existing effective shelf registration statement that was previously filed with the Securities and Exchange Commission (the "SEC"). The offering of these securities will be made only by means of a prospectus and a related prospectus supplement.

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