It would seem that if you intended to take advantage of the conversion offer, you could simply wait until a day or two prior to the conversion and then sell your CDx3 shares at the current market price. This price should be very close to conversion value. This would save you any headaches associated with having to subsequently liquidate the Citi common shares at a price that could be lower than the conversion price of $3.25. However, if Citi common is trading significantly above $3.25, it might be better to take the chance.
Or, if you're REALLY brave, just hang-on to your new common. :<)
