Assured Guaranty Ltd. (NYSE:AGO) today announced that its Board of
Directors has authorized a new 2.0 million share repurchase program.
This program replaces a prior program, which was completed in May 2010.
Dominic Frederico, President and Chief Executive Officer of Assured
Guaranty Ltd., commented, "This new program will support our continuing
commitment to manage our capital efficiently and to utilize capital
where we see accretive opportunities. We will continue to evaluate our
capital options while adhering to our priorities of ratings improvement,
portfolio acquisition, reinsurance recapture, purchasing insured
securities and share repurchases.”
Assured Guaranty Ltd. also declared a quarterly dividend of US$0.045 per
common share. The dividend is payable on September 2, 2010 to
shareholders of record at the close of business on August 19, 2010.
Assured Guaranty Ltd. is a publicly-traded Bermuda-based holding
company. Its operating subsidiaries provide credit enhancement products
to the U.S. and international public finance, infrastructure and
structured finance markets. More information on the Assured Guaranty
family of companies can be found at www.assuredguaranty.com.
