NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE:AIG) today announced that in accordance with the terms of the outstanding warrants (CUSIP number 026874156) (the “Warrants”) to purchase shares of AIG Common Stock, par value $2.50 per share, the Warrant exercise price will be reduced to $44.9036 per share from $45.00 per share and the number of shares of AIG Common Stock receivable upon Warrant exercise will increase to 1.002 from 1.000. Each of these adjustments will be effective at the close of business on December 7, 2015. Any Warrant exercised on or prior to December 7, 2015 will not be entitled to these adjustments.
These adjustments resulted from the declaration by the Board of Directors of AIG on November 2, 2015 of a dividend of $0.28 per share on AIG Common Stock. The dividend is payable on December 21, 2015, to stockholders of record at the close of business on December 7, 2015.
Further information on the Warrants and the adjustments to the Warrant exercise price and number of shares of AIG Common Stock receivable upon Warrant exercise, including the U.S. Federal income tax treatment of these adjustments, will be available in the Investors section of AIG’s website.
American International Group, Inc. (AIG) is a leading global insurance organization serving customers in more than 100 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.
AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries, and coverage is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.