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Stock Market & Financial Investment News

News Breaks
February 4, 2013
07:34 EDTAGO, BKAssured Guaranty makes statement regarding payments for sewer revenue warrants
On Friday, February 1, The Bank of New York Mellon (BK), as trustee for the Jefferson County, Alabama, sewer revenue warrants, notified Assured Guaranty Municipal Corp. (AGO) that it was suspending, until further notice, distributions to warrant holders of funds that secure and are the source of payment of the sewer warrants’ debt service. The suspended distributions include both net system revenues and draws on insurance policies, including certain AGM insurance policies. AGM disagrees with the trustee’s decision to suspend distributions and will take all steps necessary to ensure that each holder of an AGM-insured sewer warrant will receive scheduled debt service payments in full and in a timely manner. In that regard, AGM has paid all amounts due for payment on February 1 on the AGM-insured sewer warrants under its bond insurance policy to the Depository Trust Company and expects that DTC will credit such amounts to holders' accounts on Monday, February 4.
News For AGO;BK From The Last 14 Days
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August 27, 2014
07:29 EDTBKBNY Mellon signs trade processing partnership with Helaba, G25
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August 26, 2014
11:12 EDTBKBNY Mellon loses authorization to operate in Argentina, Reuters says
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August 24, 2014
15:30 EDTBKRio court freezes $87M in BNY Mellon funds, Bloomberg says
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