MBIA declares $8.00/share extraordinary cash dividend (~$409M) from subsidiary dividends

MBIA INC

Board declared extraordinary cash dividend of $8.00 per share (~$409M total) payable Dec 22, 2023 to holders of record Dec 18.
NYDFS approved $550M extraordinary dividend to MBIA from subsidiary National Public Finance Guarantee Corp.
MBIA received $97.245M as-of-right dividend from National on Nov 20, 2023.
Dividend expected to be tax-free return of investment up to cost basis due to lack of current/accumulated E&P through Sep 30, 2023.
CEO Bill Fallon said the distribution provides shareholder value and improves MBIA liquidity.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.