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  1. Wind30
    so based on 1.67, we already lost 50% of our investment. And now all the investment is in common stock which is SUPER risky. This is CRAZY. I think this investment in citigroup must be the WORST ever for GIC. U can still argue that investing in prefered stock has less risk due to the 7% dividends and all the downside protections.... but now we end up with 50% paper loss + HUGE risk increase..... I noticed the ST report is so stupid. They used the US$2.5 price to calculate and say paper loss is only around twenty something percent. And then at the end of the article they say citi share price drop to $1.5. Why they don't use the latest price to calculate the GIC loss????????
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