RICHMOND, Va., May 11, 2015 /PRNewswire/ -- Genworth
Financial, Inc. (NYSE: GNW) ("Genworth") confirms that its wholly
owned subsidiaries Brookfield Life Assurance Company Limited and
Genworth Financial International Holdings, Inc. (as partners)
(together, the "Vendor") sold 92.3 million shares in Genworth
Mortgage Insurance Australia Limited ("Genworth Australia") at
A$3.08 per share, representing 14.2%
of Genworth Australia.
After completion, the Vendor will hold 337.7 million shares
representing approximately 52% of Genworth Australia, and
Genworth remains a strong supporter of Genworth Australia.
Important notice
This announcement does not
constitute an offer to sell, or the solicitation of an offer to
buy, any securities in the United
States. The securities offered and sold by Genworth set out
in this announcement have not been and will not be registered under
the U.S. Securities Act of 1933, as amended (the "Securities Act"),
or under the securities laws of any state or other jurisdiction of
the United States, and may not be
offered or sold, directly or indirectly, in the United States except in compliance with
the registration requirements of the Securities Act and any other
applicable securities laws of any state or other jurisdiction of
the United States or pursuant to
an exemption from, or in a transaction not subject to, such
registration requirements and any other applicable securities
laws.
About Genworth Financial
Genworth Financial, Inc.
(NYSE: GNW) is a leading Fortune 500 insurance holding company
committed to helping families become more financially secure,
self-reliant and prepared for the future. To help families start
"the talk" about their futures and long term care planning,
Genworth recently completed a national #LetsTalk Tour to encourage
conversations and information sharing. Genworth has leadership
positions in mortgage insurance and long term care insurance and
product offerings in life insurance and fixed annuities that assist
consumers in solving their home ownership, insurance and retirement
needs. Headquartered in Richmond,
Virginia, Genworth traces its roots back to 1871 and became
a public company in 2004. For more information, visit
genworth.com.
From time to time, Genworth releases important information via
postings on its corporate website. Accordingly, investors and other
interested parties are encouraged to enroll to receive automatic
email alerts and Really Simple Syndication (RSS) feeds regarding
new postings. Enrollment information is found under the "Investors"
section of genworth.com. From time to time, Genworth's publicly
traded subsidiaries, Genworth MI Canada Inc. and Genworth Mortgage
Insurance Australia Limited, separately release financial and other
information about their operations. This information can be found
at http://genworth.ca and http://www.genworth.com.au.
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SOURCE Genworth Financial, Inc.