AIG Announces Adjustments to Warrant Exercise Price and Shares Receivable Upon Warrant Exercise
December 11 2018 - 4:30PM
Business Wire
American International Group, Inc. (NYSE: AIG) today announced
that in accordance with the terms of the outstanding warrants
(CUSIP number 026874156) (the “Warrants”) to purchase shares of AIG
Common Stock, par value $2.50 per share, the Warrant exercise price
will be reduced to $43.4750 per share from $43.6582 per share and
the number of shares of AIG Common Stock receivable upon Warrant
exercise will increase to 1.036 from 1.032. Each of these
adjustments will be effective at the close of business on December
12, 2018. Any Warrant exercised on or prior to December 12, 2018
will not be entitled to these adjustments.
These adjustments resulted from the declaration by the Board of
Directors of AIG on October 31, 2018 of a dividend of $0.32 per
share on AIG Common Stock. The dividend is payable on December 26,
2018, to stockholders of record at the close of business on
December 12, 2018.
Further information on the Warrants and the adjustments to the
Warrant exercise price and number of shares of AIG Common Stock
receivable upon Warrant exercise, including the U.S. Federal income
tax treatment of these adjustments, will be available in the
Investor Relations section of AIG’s website.
American International Group, Inc. (AIG) is a leading global
insurance organization. Building on 100 years of experience, today
AIG member companies provide a wide range of property casualty
insurance, life insurance, retirement products, and other financial
services to customers in more than 80 countries and jurisdictions.
These diverse offerings include products and services that help
businesses and individuals protect their assets, manage risks and
provide for retirement security. AIG common stock is listed on the
New York Stock Exchange.
Additional information about AIG can be found at www.aig.com |
YouTube: www.youtube.com/aig | Twitter: @AIGinsurance
www.twitter.com/AIGinsurance | LinkedIn:
www.linkedin.com/company/aig. These references with additional
information about AIG have been provided as a convenience, and the
information contained on such websites is not incorporated by
reference into this press release.
AIG is the marketing name for the worldwide property-casualty,
life and retirement, and general insurance operations of American
International Group, Inc. For additional information, please visit
our website at www.aig.com. All products and services are written
or provided by subsidiaries or affiliates of American International
Group, Inc. Products or services may not be available in all
countries, and coverage is subject to actual policy language.
Non-insurance products and services may be provided by independent
third parties. Certain property-casualty coverages may be provided
by a surplus lines insurer. Surplus lines insurers do not generally
participate in state guaranty funds, and insureds are therefore not
protected by such funds.
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version on businesswire.com: https://www.businesswire.com/news/home/20181211005949/en/
Liz Werner (Investors): 212-770-7074;
elizabeth.werner@aig.comFernando Melon (Investors): 212-770-4630;
fernando.melon@aig.comClaire Talcott (Media): 212-458-6343;
claire.talcott@aig.com
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