AIG Announces Adjustments to Warrant Exercise Price and Shares Receivable upon Warrant Exercise
June 12 2017 - 4:16PM
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 $44.1593 per share from $44.2948 per share and
the number of shares of AIG Common Stock receivable upon Warrant
exercise will increase to 1.019 from 1.016. Each of these
adjustments will be effective at the close of business on June 14,
2017. Any Warrant exercised on or prior to June 14, 2017 will not
be entitled to these adjustments.
These adjustments resulted from the declaration by the Board of
Directors of AIG on May 3, 2017 of a dividend of $0.32 per share on
AIG Common Stock. The dividend is payable on June 28, 2017, to
stockholders of record at the close of business on June 14,
2017.
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. Founded in 1919, 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’s core businesses include
Commercial Insurance and Consumer Insurance, as well as Other
Operations. Commercial Insurance comprises two modules – Liability
and Financial Lines, and Property and Special Risks. Consumer
Insurance comprises four modules – Individual Retirement, Group
Retirement, Life Insurance and Personal Insurance. AIG common stock
is listed on the New York Stock Exchange and the Tokyo Stock
Exchange.
Additional information about AIG can be found at www.aig.com and
www.aig.com/strategyupdate | 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: http://www.businesswire.com/news/home/20170612006167/en/
American International Group, Inc.InvestorsLiz Werner,
212-770-7074elizabeth.werner@aig.comorFernando Melon,
212-770-4630fernando.melon@aig.comorMediaJennifer Hendricks
Sullivan, 212-770-3141jennifer.sullivan@aig.com
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