Ambac Announces Meeting and Record Date for 2021 Annual Meeting of Stockholders

Rhea-AI Summary

Ambac Financial Group, Inc. (NYSE: AMBC) has announced its 2021 Annual Meeting of Stockholders, scheduled for May 25, 2021, at 10:30 am (ET). This meeting will be conducted virtually, and stockholders can access it via this link. The record date for voting eligibility is March 30, 2021. Ambac is a financial services holding company with various subsidiaries, primarily involved in financial guarantee insurance and property & casualty insurance. Further details will be provided in the proxy statement.

Positive

• Annual Meeting scheduled for May 25, 2021, ensuring transparency with stockholders.
• Virtual format allows broader participation from stockholders unable to attend in person.

Negative

• None.

Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that Ambac’s 2021 Annual Meeting of Stockholders will be held on Tuesday, May 25, 2021 at 10:30 am (ET). The meeting will be held in a virtual format and will be accessible at www.virtualshareholdermeeting.com/AMBC2021. The record date for determining stockholders entitled to notice of, and to vote at, the annual meeting will be the close of business on March 30, 2021. Stockholders will not be able to attend the Annual Meeting in person.

Further information regarding the Annual Meeting will be set forth in the proxy statement and other proxy materials for the Annual Meeting.

About Ambac

Ambac Financial Group, Inc. (“Ambac” or “AFG”), headquartered in New York City, is a financial services holding company. Ambac's subsidiaries include: Ambac Assurance Corporation and Ambac Assurance UK Limited, financial guarantee insurance companies currently in runoff; Everspan Indemnity Insurance Company and Everspan Insurance Company, specialty property & casualty program insurers; and Xchange Benefits, LLC and Xchange Affinity Underwriting Agency, LLC, property & casualty Managing General Underwriters. Ambac’s common stock trades on the New York Stock Exchange under the symbol “AMBC”. The Amended and Restated Certificate of Incorporation of Ambac contains substantial restrictions on the ability to transfer Ambac’s common stock. Subject to limited exceptions, any attempted transfer of common stock shall be prohibited and void to the extent that, as a result of such transfer (or any series of transfers of which such transfer is a part), any person or group of persons shall become a holder of 5% or more of Ambac’s common stock or a holder of 5% or more of Ambac’s common stock increases its ownership interest. Ambac is committed to providing timely and accurate information to the investing public, consistent with our legal and regulatory obligations. To that end, we use our website to convey information about our businesses, including the anticipated release of quarterly financial results, quarterly financial, statistical and business-related information. For more information, please go to www.ambac.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210309005677/en/

FAQ

When is the Ambac Financial Group Annual Meeting of Stockholders?

The Ambac Annual Meeting of Stockholders is scheduled for May 25, 2021, at 10:30 am (ET).

How can I attend the Ambac Annual Meeting of Stockholders?

The meeting will be held virtually. Stockholders can access it at www.virtualshareholdermeeting.com/AMBC2021.

What is the record date for the Ambac Annual Meeting?

The record date for stockholders eligible to vote at the Annual Meeting is March 30, 2021.

Where can I find more information about Ambac's Annual Meeting?

More information will be provided in the proxy statement and other proxy materials related to the Annual Meeting.