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Ambac to Release First Quarter 2023 Results on May 9, 2023
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Ambac Financial Group, Inc. (NYSE: AMBC) announced that it will release its first quarter 2023 results on May 9, 2023, after market close.
A conference call is scheduled for May 10, 2023, at 8:30 a.m. ET, featuring CEO Claude LeBlanc and CFO David Trick, discussing the quarterly results. Investors can access a live audio webcast on the company’s website.
Ambac operates a specialty P&C distribution and underwriting platform and has a legacy financial guaranty business in run-off. The company has specific restrictions regarding the transfer of its common stock to prevent any person or group from exceeding a 5% shareholding.
Positive
Scheduled release of first quarter results indicates transparency.
Live conference call provides investors with direct insights into company performance.
Negative
None.
Conference Call Scheduled for May 10, 2023
NEW YORK--(BUSINESS WIRE)--
Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it will release first quarter 2023 results on May 9, 2023, following the close of the market.
Conference Call
On May 10, 2023, at 8:30 a.m. (ET), Claude LeBlanc, President and Chief Executive Officer, and David Trick, Executive Vice President and Chief Financial Officer, will discuss first quarter 2023 results during a live conference call. A live audio webcast of the call will be available through the Investor Relations section of Ambac’s website, www.ambac.com. Participants may also listen via telephone by dialing (877) 407-9716 (Domestic) or (201) 493-6779 (International).
The webcast will be archived on Ambac's website. A replay of the call will be available through May 24, 2023, and can be accessed by dialing (844) 512-2921 (Domestic) or (412) 317-6671 (International), using ID# 13737443.
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. Ambac also has 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.
