Ambac Announces Meeting and Record Date for 2022 Annual Meeting of Stockholders

Rhea-AI Summary

Ambac Financial Group, Inc. (NYSE: AMBC) has announced its 2022 Annual Meeting of Stockholders, scheduled for May 24, 2022, at 10:30 am (ET), in a virtual format. Stockholders entitled to vote at the meeting will be determined as of the close of business on March 28, 2022. Further details will be provided in the proxy statement and other related materials. Ambac operates a specialty P&C distribution and underwriting platform, while its legacy financial guaranty business is in run-off.

Positive

• Scheduled Annual Meeting may enhance shareholder engagement.
• Ambac's core business in specialty P&C is growing.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that Ambac’s 2022 Annual Meeting of Stockholders will be held on Tuesday, May 24, 2022 at 10:30 am (ET). The meeting will be held in a virtual format. 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 28, 2022.

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”) is a financial services holding company headquartered in New York City. Ambac’s core business is a growing specialty P&C distribution and underwriting platform with a legacy financial guaranty business in run off. Ambac’s common stock trades on the New York Stock Exchange under the symbol “AMBC”. 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.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220314005742/en/

Lisa A. Kampf

Managing Director, Investor Relations

(212) 208-3177

lkampf@ambac.com

Source: Ambac Financial Group, Inc.

FAQ

When is Ambac's 2022 Annual Meeting of Stockholders?

Ambac's 2022 Annual Meeting of Stockholders is on May 24, 2022, at 10:30 am (ET).

How can stockholders participate in Ambac's annual meeting?

The meeting will be held virtually, allowing stockholders to participate online.

What is the record date for Ambac's annual meeting?

The record date for determining stockholders entitled to vote is March 28, 2022.

What type of business does Ambac Financial Group engage in?

Ambac operates a growing specialty P&C distribution and underwriting platform, along with a legacy financial guaranty business.