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Stock impact report

FGIC Announces Entry into Transaction Support Agreement to Pursue a Potential Accelerated Run-Off Transaction [Yahoo! Finance]

Assured Guaranty Ltd. (AGO) 
US:NYSE Investor Relations: assuredguaranty.com/investor-information
Company Research Source: Yahoo! Finance
support agreement dated as of February 29, 2024, with an ad hoc group (the " Ad Hoc Group ") of holders of certain outstanding FGIC-insured securities (including certain units issued by the respective Custodial Trusts holding Puerto Rico-related securities insured by FGIC), regarding a potential transaction that will accelerate the run-off of FGIC's insured portfolio pursuant to the First Amended Plan of Rehabilitation for FGIC, dated June 4, 2013 (the " Rehabilitation Plan "), in a re-opened rehabilitation proceeding, subject to support by the New York State Department of Financial Services (the " NYSDFS ") and approval by the Supreme Court of the State of New York (the " Proposed Transaction "). A copy of this Transaction Support Agreement will be posted to FGIC's website at www.fgic.com/proposedacceleratedrunoff/ Under the Proposed Transaction, on its effective date, all FGIC policies with outstanding DPO or DPO Accretion (each as defined in the Rehabilitation Plan) and/or projec Show less Read more
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