GIC wants to keep preferred stock

Singapore Democrats, 24 Feb 2009, The Wall Street Journal

Singaporean Fund Is Unlikely to Convert Its Citigroup Shares

Talks over a bigger U.S. government stake in Citigroup Inc. could put Singapore's sovereign wealth fund in the difficult position of having to decide whether to convert its beaten-down Citi stake into common stock and wind up owning more of the troubled bank than it might want.

Read More