Assured Guaranty to merge AGM into AG effective Aug 1, 2024; $300M special dividend planned

ASSURED GUARANTY LTD

Merger of Assured Guaranty Municipal (AGM) into Assured Guaranty Inc. (AG) effective Aug 1, 2024; all regulatory approvals obtained.
Combined company will have larger capital base, more diversified insured portfolio, and lower duplicative expenses.
Maryland Insurance Administration approved $300M stock redemption (special dividend) from combined company post-merger.
S&P, Kroll, Moody's ratings unchanged; both insurers had identical ratings before merger.
CEO Frederico says merger simplifies administration and enables more efficient capital utilization.

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