---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-290781"
form_type: "8-K"
ticker: "MBI"
cik: "0000814585"
company_name: "MBIA INC"
filed_at: "2023-12-07T23:59:59+00:00"
generated_at: "2026-06-07T16:39:04.516917+00:00"
event_type: "dividend"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-290781
- form_type: 8-K
- ticker: MBI
- cik: 0000814585
- company_name: MBIA INC
- filed_at: 2023-12-07T23:59:59+00:00
- event_type: dividend
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/814585/000119312523290781/0001193125-23-290781-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814585/000119312523290781/d638159d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-290781
- JSON: https://secwatch.observer/filing/0001193125-23-290781.json
- Plain text: https://secwatch.observer/filing/0001193125-23-290781.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.