Assured Guaranty completes merger of AGM into AG, effective Aug 1, 2024

ASSURED GUARANTY LTD

All AGM insurance liabilities transferred to AG; AG is surviving company.
$300M stock redemption (special dividend) approved by Maryland Insurance Administration, expected shortly.
KBRA, S&P, Moody's affirm AA+, AA, A1 ratings respectively with stable outlooks; no change from merger.
AGM no longer exists; Assured Guaranty UK and Europe become subsidiaries of AG.
CFO cites enhanced capital structure, operational efficiency, and simplified brand marketing.

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