(Source: Business Wire)
Assured Guaranty Ltd. (NYSE: AGO) (the "Company") announced that it
intends to issue its financial results and financial supplement for the
quarter ended September 30, 2009 ("third quarter 2009") after 4:00 p.m.
Eastern Time (5:00 p.m. Atlantic Time) on Monday, November 16, 2009. A
copy of these documents will be available on the Company's website at http://www.assuredguaranty.com.
Third quarter 2009 financial results will include the financial results
of Financial Security Assurance Holdings Ltd. ("FSAH"), which is the
parent of financial guaranty insurance company Financial Security
AssuranceInc., that the Company acquired on July 1, 2009. The Company's
financial results will also include the purchase accounting adjustments
for the fair value of the acquired assets and liabilities, primarily
FSAH's financial guaranty insurance contracts, and the impact of
conforming FSAH's accounting policies, methodologies and assumptions to
that of the Company's. As a result of the need to consolidate FSAH into
the Company's financial statements, the Company expects that it will be
unable to file its Form 10-Q for the period ended September 30, 2009 by
the November 9, 2009 due date without unreasonable effort and expense.
The Company anticipates filing a Form 12b-25 with the Securities and
Exchange Commission when appropriate and filing its Form 10-Q by
November 16, 2009.
The Company will host a conference call for investors on third quarter
2009 financial results at 8:30 a.m. Eastern Time (9:30 a.m. Atlantic
Time) on Tuesday, November 17, 2009. The conference call will be
available via live and archived webcast in the Investor Information
section of the Company's website at http://www.assuredguaranty.com
or by dialing 866-825-3308 (in the U.S.) or 617-213-8062
(International), passcode 89389505. A replay of the call will be
available through Thursday, December 17, 2009. To listen to the replay
dial: 888-286-8010 (in the U.S.) or 617-801-6888 (International),
passcode 13504851.
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, structured finance and
mortgage markets. More information on the Company and its subsidiaries
can be found at www.assuredguaranty.com.
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