NEW YORK--(BUSINESS WIRE)--Mar. 10, 2016--
American International Group, Inc. (NYSE:AIG) today announced that in
accordance with the terms of the outstanding warrants (CUSIP number
026874156) (the “Warrants”) to purchase shares of AIG Common Stock, par
value $2.50 per share, the Warrant exercise price will be reduced to
$44.7340 per share from $44.9036 per share and the number of shares of
AIG Common Stock receivable upon Warrant exercise will increase to 1.006
from 1.002. Each of these adjustments will be effective at the close of
business on March 14, 2016. Any Warrant exercised on or prior to March
14, 2016 will not be entitled to these adjustments.
These adjustments resulted from the declaration by the Board of
Directors of AIG on February 11, 2016 of a dividend of $0.32 per share
on AIG Common Stock. The dividend is payable on March 28, 2016, to
stockholders of record at the close of business on March 14, 2016.
Further information on the Warrants and the adjustments to the Warrant
exercise price and number of shares of AIG Common Stock receivable upon
Warrant exercise, including the U.S. Federal income tax treatment of
these adjustments, will be available in the Investors section of AIG’s
website.
American International Group, Inc. (AIG) is a leading global insurance
organization. Founded in 1919, today we provide a wide range of property
casualty insurance, life insurance, retirement products, mortgage
insurance and other financial services to customers in more than 100
countries and jurisdictions. Our diverse offerings include products and
services that help businesses and individuals protect their assets,
manage risks and provide for retirement security. AIG common stock is
listed on the New York Stock Exchange and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com
and www.aig.com/strategyupdate
| YouTube: www.youtube.com/aig
| Twitter: @AIGinsurance | LinkedIn: http://www.linkedin.com/company/aig.
These references with additional information about AIG have been
provided as a convenience, and the information contained on such
websites is not incorporated by reference into this press release.
AIG is the marketing name for the worldwide property-casualty, life and
retirement, and general insurance operations of American International
Group, Inc. For additional information, please visit our website at www.aig.com.
All products and services are written or provided by subsidiaries or
affiliates of American International Group, Inc. Products or services
may not be available in all countries, and coverage is subject to actual
policy language. Non-insurance products and services may be provided by
independent third parties. Certain property-casualty coverages may be
provided by a surplus lines insurer. Surplus lines insurers do not
generally participate in state guaranty funds, and insureds are
therefore not protected by such funds.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160310006567/en/
Source: American International Group, Inc.
American International Group, Inc.
Investors:
Liz Werner,
212-770-7074
elizabeth.werner@aig.com
or
Fernando
Melon, 212-770-4630
fernando.melon@aig.com
or
Media:
Jennifer
Hendricks Sullivan, 212-770-3141
jennifer.sullivan@aig.com