AIG says Department of Treasury sold last of its common shares during Q4

theflyonthewall.com

The company said during Q4, the U.S. Department of the Treasury completed a registered public offering of its remaining shares of AIG Common Stock for proceeds of approximately $7.6B, marking the full repayment of America’s financial support of AIG. Since 2008, through asset sales and other actions by AIG, the Federal Reserve, and Treasury, the U.S. Government recovered its full $182.3B commitment to AIG, plus a combined positive return of $22.7B. Treasury continues to hold warrants to purchase approximately 2.7M shares of AIG common stock, the sale of which is expected to provide an additional positive return to taxpayers.

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