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The effective date of the merger is expected to be August 1, 2024. Assured Guaranty Municipal Corp. (AGM) will merge into Assured Guaranty Inc. (AG), which was named Assured Guaranty Corp.
The merger is also expected to strengthen Assured Guaranty's ability to continue successfully executing its strategies to achieve its business objectives.
AG will continue to be domiciled in Maryland, and the Maryland Insurance Administration (MIA) will be its primary regulator, as it has been since December 31, 1987.
In connection with the merger of AGM into AG, the MIA approved a $300 million stock redemption (sometimes described as a "special dividend") by the combined company, which is expected to be effectuated shortly following the merger.
Posted In: AGO
