News release: “Today, the U.S. Department of the Treasury announced that General Motors (GM) has completed the repurchase of all GM preferred stock issued under the Troubled Asset Relief Program (TARP), repaying taxpayers $2.1 billion. Coming on the heels of a successful initial public offering that netted $13.5 billion for taxpayers, this preferred share repurchase brings the total amount of funds that taxpayers have received in return for their investment in GM to more than $23 billion…In October 2010, Treasury accepted an offer from GM for the company to repurchase its TARP preferred shares. Today, GM completed this transaction, purchasing Treasury’s 83,898,305 Series A shares at a price per share of $25.50, which is equal to 102 percent of the liquidation preference. Treasury invested $49.5 billion in General Motors. Taxpayers have now received a total of $23.1 billion in return from GM through repayments, interest, and dividends since the company emerged from bankruptcy in July 2009. Treasury’s remaining stake in GM now consists of 500,065,254 shares of common stock.”