"In connection with the transactions, Citi will suspend dividends on its preferred shares. As a result, the common stock dividend also will be suspended. The company will continue to pay the distribution on its Trust Preferred Securities and Enhanced Trust Preferred Securities at the current rates."
There has been no announcement that dividends on Trust Preferreds have been suspended.
I saw a recent article last week on Yahoo Finance about suspended Citi preferreds, but cannot find anything but the old suspension news from March-April now. Still a distinct possiblity that Citi could suspend even the Trust Preferreds due to worsening economy and C's cash flow. Citi has always been a 'go-go' bank on the edge, playing with 'financial fire'.