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Stock Market & Financial Investment News

News Breaks
February 7, 2013
14:48 EDTAGOAssured Guaranty raises quarterly dividend 11% to 10c from 9c per share
The dividend is payable on March 7 to shareholders of record at the close of business on February 21.
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April 1, 2015
16:24 EDTAGOAssured Guaranty sees Radian Asset acquisition accretive to earnings
Assured Guaranty announced that its subsidiary Assured Guaranty Corp. (AGC) today acquired Radian Asset Assurance from Radian Guaranty in accordance with the agreement announced December 23, 2014. Radian Asset has merged with and into AGC, with AGC as the surviving company. As a result, the assets and obligations of Radian Asset have become the assets and obligations of AGC. Dominic Frederico, president and CEO of Assured Guaranty stated, “The acquisition increases AGC’s capital base and policyholders’ surplus, and the transaction is accretive to Assured Guaranty’s earnings, operating shareholders’ equity and adjusted book value." AGC paid $804.5M in cash, after certain adjustments, to acquire Radian Asset. As of December 31, 2014, Radian Asset’s statutory capital was approximately $1.3B. As of February 28, 2015, Radian Asset’s statutory net par outstanding was approximately $13.9B.

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