Financial Security Assurance Holdings Ltd. ("FSAH”), a subsidiary of
Assured Guaranty Ltd., ("Assured”) (NYSE: AGO), today announced that it
has notified the New York Stock Exchange (the "Exchange") of its
intention to voluntarily withdraw the following debt securities (the
"Securities") from listing on the Exchange due to the small number of
holders of record of the Securities and low secondary trading volume.
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Security
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NYSE
Symbol
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Maturity Date
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CUSIP
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6-7/8% Quarterly Interest Bonds due 2101
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FSB
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December 15,
2101
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31769P 40 7
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6.25% Notes due 2102
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FSE
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November 1,
2102
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31769P 50 6
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5.60% Notes due 2103
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FSF
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July 15, 2103
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31769P 60 5
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FSAH expects the delisting to become effective on or about July 24, 2009.
Delisting the Securities will not affect their terms or the issuer’s
obligation to pay principal and interest on the securities. After the
delisting, holders of the Securities will continue to receive any
interest and principal payments through the trustee, U.S. Bank National
Association. The Securities will not be listed on another national
securities exchange. Assured’s common shares will continue to be listed
on the Exchange.
Assured Guaranty Ltd. is a Bermuda-based holding company. Its operating
subsidiaries provide credit enhancement products to the U.S. and
international public finance, structured finance and mortgage markets.
Any forward-looking statements made in this press release reflect
Assured’s current views with respect to future events and financial
performance and are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Such statements
involve risks and uncertainties that may cause actual results to differ
materially from those set forth in these statements. For example,
Assured’s forward-looking statements, including its statements regarding
financial strength and growth opportunities, could be affected by a
rating agency action, such as a ratings downgrade, difficulties with the
execution of Assured’s business strategy, contract cancellations,
developments in the world's financial and capital markets, more severe
or frequent losses associated with products affecting the adequacy of
Assured’s loss reserve, impact of market volatility on the marking to
market of our contracts written in credit default swap form, changes in
regulation or tax laws, governmental actions, natural catastrophes,
Assured’s dependence on customers, decreased demand or increased
competition, loss of key personnel, technological developments, the
effects of mergers, acquisitions and divestitures, changes in accounting
policies or practices, changes in general economic conditions, other
risks and uncertainties that have not been identified at this time,
management's response to these factors, and other risk factors
identified in Assured’s filings with the Securities and Exchange
Commission. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the dates on which
they are made. Assured undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.