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Assoc First Cap Corp (ASFZ)

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Last Post: 1/19/2021 1:20:03 PM - Followers: 20 - Board type: Free - Posts Today: 0


Associates First Capital Corporation

Residual Value Obligations



AFCC is a privately held entity of CITIGROUP -ASFZ.PK appears to be the vehicle that holds the RVO's from the ARCADIA - AFCC merger from 1999.

Associates First Capital Corporation, a financial services organization, provides finance, leasing, insurance, and related services to individual consumers and businesses in the United States and internationally. As of November 30, 2000, Associates First Capital Corporation is a subsidiary of Citigroup, Inc.



(1) From the 1999 Merger between ARCADIA and AFCC - Residual Value Obligations (RVO's) were created:

8- K : Agreement Planned Merger between Arcadia and Associates First Capital Corporation 1999


3.2 CAPITALIZATION. The authorized capital stock of Company consists of 55,000,000 shares of Company Common Stock, 90,000 shares of Class A Preferred Stock, par value $0.01 per share ("CLASS A PREFERRED STOCK"), and 44,010,000 undesignated shares, par value $0.01 per share ("UNDESIGNATED STOCK").  As of September 30, 1999, (i) 39,443,693 shares of Company Common Stock were issued and outstanding, (ii) no shares of Company Common Stock were held in treasury, (iii) no shares of Class A Preferred were issued or outstanding, (iv) 90,000 shares of Class A Preferred Stock were reserved for issuance upon the exercise of the Company Rights and (v) 2,052,000 shares of Company Common Stock were reserved for issuance upon the exercise of warrants to purchase 2,052,000 shares of Company Common Stock ("Company Warrants"). All of the issued and outstanding shares of Company Common Stock have been duly authorized and validly issued and are fully paid, non-assessable and free of preemptive rights, with no personal liability attaching to the ownership thereof.


Associates First Capital Corp · S-4 · On 2/29/00 **RVO PAYMENTS** DESCRIPTION OF RESIDUAL VALUE OBLIGATIONS Go to page 42-43 http://www.secinfo.com/dRqWm.58sr.htm#1stPage



There are no minimum payments on the residual value obligations, and depending on the performance of the underlying receivables and other factors, there may be no payments on the residual value obligations. If ultimately there are payments on the residual value obligations, it is unlikely payments will commence prior to January 1, 2004.

Payments on the residual value obligations, if any, will:

-be paid on the Payment Dates occurring in January, April, July and October of each year; and

-be payable to the holders of record on the December 1, March 1, June 1 and September 1 immediately preceding the related Payment Dates.

On each Payment Date on which the Accrued RVO Payment Amount is greater than zero, Associates will be required to make a payment (an "RVO Payment") with respect to each residual value obligation in an amount equal to the quotient of:

- the then-effective Accrued RVO Payment Amount, DIVIDED BY

- total number of residual value obligations outstanding.

If the Accrued RVO Payment Amount on a Payment Date is zero, there will be no RVO Payment on that Payment Date.

Residual Value Obligations (RVO's):

The information below is being disclosed pursuant to the Residual Value Obligation Agreement dated as of April 3, 2000 between Associates First Capital Corporation and the Chase Manhattan Bank, as Trustee. Terms used and not otherwise defined herein have the meaning assigned to them in the Residual Value Agreement.



(2) After the Arcadia / AFCC merger in 1999 - CITIGROUP Acquired AFCC in 2000

Citigroup Buys Texas Lending Company - Acquires Associates First Capital for $31.1B

Citigroup Inc. turned its voracious appetite on Associates First Capital Corp. yesterday, gobbling up the Texas-based lending company in a deal valued at $31.1 billion. Citigroup is already the largest credit card lender in the world, the largest bank holding company in the United States, and a leader in brokerage and insurance services. AFC is no slouch, either. With revenues of $7.1 billion in the first half of the year, it is the biggest publicly traded American company focused on loaning money to consumers. It is also the fifth- largest consumer-lending firm in Japan, and has 700,000 ... http://www.encyclopedia.com/doc/1P2-8612819.html

Citigroup Successfully Completes Acquisition of Associates First Capital Corporation.

Nov. 30, 2000 Citigroup Inc. (NYSE: C) and Associates First Capital Corporation ("Associates") today announced the completion of Citigroup's acquisition of Associates. The acquisition was consummated through a merger of Associates with a subsidiary of Citigroup pursuant to which each share of Associates common stock has become a right to receive .7334 of a share of common shares of Citigroup. The acquisition followed the approval by Associates' shareholders and the approval by certain domestic and foreign antitrust, banking and insurance regulators. http://findarticles.com/p/articles/mi_m0EIN/is_2000_Nov_30/ai_67465268/

Citigroup Investor Relations:



Pablo Suarez, Citigroup Finance Canada Inc., (416) 947-5467

Troy Underhill, Citigroup Inc., (905) 755-3399



Transfer Agent:

Wells Fargo Shareholder Services (Minneapolis, MN)

A Division of Wells Fargo Bank

161 N. Concord Exchange

P.O. Box 738

South St. Paul, MN 55101

 (800) 401-1957


******All the Due Diligence here could be entirely incorrect and is posted as a tool for you to come to your own conclusions. As information is verified, the Ibox will be updated. ******



ASFZ is Active and last amended 05/27/2009

Address 1:   7920 NW 110TH STREET Address 2:   
City:   KANSAS CITY State:   MO
Zip Code:   64153 Country:   
Status:   Active
Address 1:   14415 S 50TH STREET Address 2:   
City:   PHOENIX State:   AZ
Zip Code:   85044 Country:   
Status:   Active
Secretary - JOHN R COFFIN
Address 1:   750 WASHINGTON BLVD Address 2:   
City:   STAMFORD State:   CT
Zip Code:   06901 Country:   
Status:   Active
Address 1:   1401 WEST COMMERCIAL BLVD. Address 2:   
Zip Code:   33309 Country:   
Status:   Active



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#1121   Wow. Day of the lottos for me haha r1aviator 01/19/21 01:20:03 PM
#1120   ASFZ on the move again. buxmaker 01/19/21 01:10:03 PM
#1119   ASFZ $$$ ON HUGE WATCH !!!!! halbroke1 12/01/19 09:18:20 PM
#1118   More buying in ASFZ on Wednesday. Something seems buxmaker 11/28/19 09:22:27 PM
#1117   L2 is fun to watch right now lol :-) $ASFZ r1aviator 11/25/19 03:04:09 PM
#1116   ASFZ trading at .0023. Last time it buxmaker 11/25/19 03:01:24 PM
#1115   Yeah, got some alerts going off past couple r1aviator 11/25/19 01:58:28 PM
#1114   ASFZ is starting to come back to life. buxmaker 11/25/19 01:48:12 PM
#1113   Took a starter $ASFZ r1aviator 09/24/19 10:35:13 AM
#1112   Sure was and even just mid May to Garyst 06/09/19 07:46:39 PM
#1111   $$$ ASFZ ..TIME TO WAKE UP....SOMETHING COOKING,,,BIG LOADING halbroke1 06/09/19 01:13:17 PM
#1110   ASFZ 116% 0026 pretty thin L2. Garyst 05/15/19 11:31:54 AM
#1109   ASFZ seems to be getting some new life buxmaker 05/15/19 11:22:46 AM
#1108   Interesting buying at the close on ASFZ today. buxmaker 05/14/19 07:07:44 PM
#1107   it had its run... volume spikes about every prospector777x3 05/10/19 08:36:15 PM
#1106   Asfz looks to be ready for a bounce Fitzy_O 05/01/19 09:41:04 AM
#1105   Whoever that was using the fake emails committed prospector777x3 04/27/19 01:08:35 PM
#1104   what happened to the posters with the fake prospector777x3 04/10/19 04:41:46 PM
#1103   That's common after the market closes as most Garyst 04/10/19 10:32:57 AM
#1102   Bid coming up. Nice 300% pop yesterday Garyst 04/10/19 10:30:06 AM
#1100   Why is the bid .0001? carlson 04/09/19 10:43:58 PM
#1099   314%, that is how thin this thing is Garyst 04/09/19 08:21:28 PM
#1098   could load now and wait a year and prospector777x3 04/08/19 04:47:06 PM
#1097   ASFZ 001 unreal! This hit 02 1900% higher Garyst 04/08/19 10:10:33 AM
#1096   I guess I was right about that email prospector777x3 04/05/19 01:40:42 AM
#1095   not for a stock that goes years between heartbeats. prospector777x3 04/05/19 01:39:38 AM
#1094   0012. Crazy cheap. Garyst 04/04/19 10:37:30 AM
#1093   AGREE 100%, $$$ ASFZ SHOULD HEAT UP AGAIN, halbroke1 04/04/19 01:33:17 AM
#1092   It was that way for years! :( prospector777x3 04/04/19 01:27:25 AM
#1091   I'd say. This is ridiculous here in the 001's Garyst 04/03/19 08:55:06 PM
#1090   Anybody heard anything more....this cooled off Kazorchian 04/03/19 03:02:34 PM
#1089   2 wks ago today we hit 02!!! Garyst 04/03/19 01:17:07 PM
#1088   1.1 million bidding 0014 thru 0017. Garyst 04/01/19 01:53:21 PM
#1087   Yelp. Bids keep upticking. Watch for volume surge pennyonfire 04/01/19 01:50:04 PM
#1086   Nice bids 0016 and 0017 and above the Garyst 04/01/19 01:12:25 PM
#1085   ASFZ !!! SOMETHING BIG COOKING !!! $$$ GOING halbroke1 04/01/19 01:08:06 PM
#1084   0015, 2 mm's bidding 0016 and 0017 with Garyst 04/01/19 01:07:13 PM
#1083   Stick with it at this point. No reason Garyst 04/01/19 10:37:50 AM
#1082   ASFZ ON HUGE WATCH $$$ COULD SEE HUGE halbroke1 03/31/19 07:55:58 PM
#1081   ouch! prospector777x3 03/29/19 05:06:32 PM
#1080   I appreciate your enthusiasm Halbroke, no where to bow2eevee 03/29/19 02:33:09 PM
#1079   According to the "ghost email" that was stickered, Gunter2022 03/28/19 04:09:45 PM
#1078   What news are you expecting? lockstock31 03/28/19 03:41:58 PM
#1077   Held up today. No sellers into the bid. Garyst 03/28/19 03:30:35 PM
#1076   ASFZ $$$$ BIG NEWS COULD BE REAL CLOSE...I'M halbroke1 03/28/19 03:28:08 PM
#1075   Still no email addy or CEO name after prospector777x3 03/28/19 11:08:47 AM
#1074   time to take this sticky down from this prospector777x3 03/27/19 04:47:14 PM
#1073   3/4 million bidding 0015-002. Garyst 03/27/19 01:25:38 PM
#1072   25% 003. Light volume but we'll take it. Garyst 03/27/19 11:30:03 AM
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