Ambac to Participate in KBW’s Bond Insurance Day Conference
September 28 2016 - 8:00AM
Ambac Financial Group, Inc. (Nasdaq:AMBC) ("Ambac"), a holding
company whose subsidiaries, including Ambac Assurance Corporation
(“AAC”), provide financial guarantees and other financial services,
today announced that Nader Tavakoli, President and Chief Executive
Officer, and David Trick, Chief Financial Officer and Treasurer,
are scheduled to participate in KBW’s Bond Insurance Day conference
on September 29, 2016 in New York City.
About AmbacAmbac Financial Group, Inc.
("Ambac"), headquartered in New York City, is a holding company
whose subsidiaries, including its principal operating subsidiaries,
Ambac Assurance Corporation ("AAC"), Everspan Financial Guarantee
Corp., and Ambac Assurance UK Limited ("Ambac UK"), provide
financial guarantees and other financial services to clients in
both the public and private sectors globally. AAC, including the
Segregated Account of AAC (in rehabilitation), is a guarantor of
public finance and structured finance obligations. Ambac’s
primary goal is to maximize stockholder value by executing the
following key strategies: active runoff of AAC and its subsidiaries
through accretive transaction terminations, policy commutations,
settlements and restructurings, and maximizing the risk-adjusted
return on invested assets; loss recovery through litigation and
exercise of contractual and legal rights; improved cost
effectiveness and efficiency of the operating platform;
rationalization of AAC's capital and liability structures, enabling
simplification of corporate governance and facilitating the
successful rehabilitation of the Segregated Account; and selective
business transactions offering attractive risk adjusted returns
that, among other things, may permit utilization of Ambac’s tax net
operating loss carry-forwards. Ambac‘s common stock trades on
the NASDAQ Global Select Market under the symbol “AMBC”. The
Amended and Restated Certificate of Incorporation of Ambac contains
substantial restrictions on the ability to transfer Ambac’s common
stock. Subject to limited exceptions, any attempted transfer of
common stock shall be prohibited and void to the extent that, as a
result of such transfer (or any series of transfers of which such
transfer is a part), any person or group of persons shall become a
holder of 5% or more of Ambac’s common stock. Ambac is
committed to providing timely and accurate information to the
investing public, consistent with our legal and regulatory
obligations. To that end, we use our website to convey information
about our businesses, including the anticipated release of
quarterly financial results, quarterly financial, statistical and
business-related information, and the posting of updates to the
status of certain primary residential mortgage backed securities
litigations. For more information, please go to www.ambac.com.
Contact
Abbe F. Goldstein, CFA
Managing Director, Investor Relations and Corporate Communications
(212) 208-3222; agoldstein@ambac.com
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