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Assured Guaranty Ltd. Announces 2.0 Million Share Repurchase Program

^{Published on 2010-08-05 07:45:26 - Market Wire}
 

HAMILTON, Bermuda--([ BUSINESS WIRE ])--Assured Guaranty Ltd. (NYSE:AGO) today announced that its Board of Directors has authorized a new 2.0 million share repurchase program. This program replaces a prior program, which was completed in May 2010.

"This new program will support our continuing commitment to manage our capital efficiently and to utilize capital where we see accretive opportunities. We will continue to evaluate our capital options while adhering to our priorities of ratings improvement, portfolio acquisition, reinsurance recapture, purchasing insured securities and share repurchases."

Dominic Frederico, President and Chief Executive Officer of Assured Guaranty Ltd., commented, aThis new program will support our continuing commitment to manage our capital efficiently and to utilize capital where we see accretive opportunities. We will continue to evaluate our capital options while adhering to our priorities of ratings improvement, portfolio acquisition, reinsurance recapture, purchasing insured securities and share repurchases.a

Assured Guaranty Ltd. also declared a quarterly dividend of US$0.045 per common share. The dividend is payable on September 2, 2010 to shareholders of record at the close of business on August 19, 2010.

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 ].