Ameriprise Financial Announces New $1.5 Billion Share Repurchase Program
April 22 2008 - 4:10PM
Business Wire
Ameriprise Financial, Inc. (NYSE: AMP), announced today that our
board of directors has authorized an additional expenditure of up
to $1.5 billion for the repurchase of shares of our common stock
through April 23, 2010. Since becoming an independent company on
September 30, 2005, we have repurchased $1.7 billion of our common
stock. We intend to fund share repurchases through existing working
capital, future earnings and other customary financing methods. The
share repurchase program does not require the purchase of any
minimum number of shares, and depending on market conditions and
other factors, these purchases may be commenced or suspended at any
time without prior notice. Acquisitions under the share repurchase
program may be made in the open market, through block trades or
other means. In addition, the board of directors declared a
quarterly cash dividend of $0.15 per common share, payable on May
16, 2008 to shareholders of record at the close of business on May
2, 2008. This news release contains a forward-looking statement
that reflects our intention regarding the sources of funding for
share repurchases. There can be no assurance that these are the
exclusive sources of funds that may be utilized for share
repurchases, or that we will repurchase any of our shares. Actual
results may differ materially, and readers are cautioned not to
place undue reliance on the forward-statement contained in this
release, which speaks only as of the date on which it is made, or
the existence of share repurchase authorizations, which can go
unutilized or be suspended at any time. We undertake no obligation
to update publicly or revise the forward-looking statement
contained in this release. Ameriprise Financial, Inc., is a
diversified financial services company serving the comprehensive
financial planning needs of the mass affluent and affluent. For
more information, visit ameriprise.com. � 2008 Ameriprise
Financial, Inc. All rights reserved.
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