© 2026 Arizent. All rights reserved.

ABS

Assured Guaranty Gives Waiver to WL Ross to Purchase More Shares

Published 1 Min Read

Assured Guaranty announced that it has given a waiver to WL Ross & Co. to purchase up to $5 million additional common shares in open market transactions.

The timing and amount of any purchases will be determined by WL Ross.

“We appreciate the continued support of WL Ross as it reflects confidence in the long term prospects of Assured and also recognizes the significant value in our stock and Company through these turbulent times,” Dominic Frederico, president and chief executive officer of Assured, said in a release today.

If the WL Ross Funds decides to purchase any of these additional shares, they will be purchased from current shareholders and as a result, will not cause an increase in shareholders’ equity at Assured or its subsidiaries, the company said.

If all $5 million additional shares are purchased, the WL Ross Funds will beneficially own 17,166,396 shares or roughly 18.9% of Assured’s outstanding common shares based on shares outstanding as of June 30.

For reprint and licensing requests for this article, click here.

More From Asset Securitization Report

FHFA veteran reflects on 20 turbulent years in housing finance

For two decades, Alfred Pollard served as the general counsel for Fannie Mae and Freddie Mac’s regulator. He had a front-row seat for the establishment of the Federal Housing Finance Agency, the government’s subsequent seizure of the mortgage giants amid mounting losses in 2008 and the more recent legal dispute over the FHFA’s authority.

By Kate Berry
Reporter
American Banker
"The key for me is that FHFA should be a core player in any decisions on administering an end or a transition from the conservatorships," said Alfred Pollard, who retired in April as general counsel of the FHFA.

Now Paying

Rethinking securitization structures to attract junior investors