INSTITUTIONAL FINANCIAL MARKETS,INC. (NYSE:C) Files An 8-K Other Events

ME Staff 8-k
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INSTITUTIONAL FINANCIAL MARKETS,INC. (NYSE:C) Files An 8-K Other Events
Item 8.01 Other Events.

On March 17, 2017, IFMI, LLC (“IFMI”), a Delaware limited liability company and a majority owned subsidiary of Institutional Financial Markets, Inc., a Maryland corporation (the “Company”), entered into a letter agreement (the “Agreement”) with Sandler O’Neill & Partners, L.P. (“Agent”). Subject to the terms and conditions of the Agreement, Agent has agreed to use its commercially reasonable efforts to purchase, on IFMI’s behalf, up to $2 million of the shares of the Company’s common stock, $0.001 par value per share (“Common Stock”), on any day that the NYSE MKT is open for business. The Agreement will end no later than March 17, 2018. to the Agreement, purchases of Common Stock may be made in public and private transactions and must comply with Rule 10b-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Agreement is designed to comply with Rule 10(b)5-1 under the Exchange Act.

The Agreement was entered into in connection with the Company’s existing repurchase plan, as previously disclosed in the Company’s periodic reports from time to time, which permits the Company to repurchase shares of Common Stock from time to time in open market purchases or privately negotiated transactions.


About INSTITUTIONAL FINANCIAL MARKETS, INC. (NYSE:C)

Citigroup Inc. (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. The Company operates through two segments: Citicorp and Citi Holdings. Citicorp is the Company’s global bank for consumers and businesses and represents its core franchises. Citicorp is focused on providing products and services to customers and leveraging the Company’s global network, including various economies. As of December 31, 2016, Citicorp was present in 97 countries and jurisdictions, and offered services in over 160 countries and jurisdictions. Global Consumer Banking (GCB) provides traditional banking services to retail customers through retail banking, including Citi-branded cards and Citi retail services.

INSTITUTIONAL FINANCIAL MARKETS, INC. (NYSE:C) Recent Trading Information

INSTITUTIONAL FINANCIAL MARKETS, INC. (NYSE:C) closed its last trading session down -0.78 at 60.37 with 15,198,253 shares trading hands.