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CORRECTING and REPLACING Assured Guaranty Ltd. Repurchases 707,350 Shares of its Common Stock to Complete Share Repurchase Prog

^{Published on 2010-05-20 14:40:17 - Market Wire}
 

HAMILTON, Bermuda--([ BUSINESS WIRE ])--Headline of release should read: Assured Guaranty Ltd. Repurchases 707,350 Shares of its Common Stock to Complete Share Repurchase Program (sted Assured Guaranty Ltd. Repurchases 707,305 Shares of its Common Stock to Complete Share Repurchase Program).

"We believe in strong capital management and providing value to our shareholders"

The release reads:

Assured Guaranty Ltd. Repurchases 707,350 Shares of its Common Stock to Complete Share Repurchase Program

Assured Guaranty Ltd. (NYSE: AGO) (athe Companya) announced today the repurchase of 707,350 common shares of Assured Guaranty Ltd.a™s common stock at an average price of $14.74 per share. This completes the Companya™s two million share repurchase program authorized in November 2007.

aWe believe in strong capital management and providing value to our shareholders,a said Dominic Frederico, President and Chief Executive Officer of Assured Guaranty Ltd. aAlthough our capital management priorities focus on ratings improvement and the ability to absorb additional portfolios of insured risks, the current share price provides us with an accretive opportunity to complete our share repurchase program, while having no material impact on our strong capital position.a

Assured Guaranty Ltd. is a publicly-traded Bermuda-based holding company. Its operating subsidiaries provide credit enhancement products to the U.S. and international public finance, infrastructure and structured finance markets. More information on the Assured Guaranty family of companies can be found at [ www.assuredguaranty.com ].

Cautionary Statement Regarding Forward-Looking Statements:

Any forward-looking statements made in this press release reflect the current views of Assured Guaranty with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. For example, Assured Guarantya™s forward-looking statements could be affected by: (1) rating agency action, including a ratings downgrade at any time of Assured Guaranty or any of its subsidiaries and/or of transactions insured by such subsidiaries, both of which have occurred in the past; (2) developments in the world's financial and capital markets that adversely affect issuersa™ payment rates, Assured Guarantya™s subsidiariesa™ loss experience, their ability to cede exposure to reinsurers, their access to capital, their unrealized (losses) gains on derivative financial instruments or their investment returns; (3) changes in the worlda™s credit markets, segments thereof or general economic conditions; (4) more severe or frequent losses implicating the adequacy of Assured Guaranty subsidiariesa™ loss reserve; (5) the impact of market volatility on the mark-to-market of the Assured Guaranty subsidiaries contracts written in credit default swap form; (6) reduction in the amount of reinsurance portfolio opportunities available to Assured Guaranty subsidiariesa™; (7) decreased demand or increased competition; (8) changes in applicable accounting policies or practices; (9) changes in applicable laws or regulations, including insurance and tax laws; (10) other governmental actions; (11) difficulties with the execution of Assured Guarantya™s business strategy; (12) contract cancellations; (13) the Assured Guaranty subsidiaries dependence on customers; (14) loss of key personnel; (15) adverse technological developments; (16) the effects of mergers, acquisitions and divestitures; (17) natural or man-made catastrophes; (18) other risks and uncertainties that have not been identified at this time; (19) management's response to these factors; and (20) other risk factors identified in the Assured Guarantya™s filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements which are made as of the date of this press release, Assured Guaranty undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.