NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that in accordance with the terms of the outstanding warrants expiring January 19, 2021 (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 $42.4734 per share from $42.7176 per share and the number of shares of AIG Common Stock receivable upon Warrant exercise will increase to 1.061 from 1.055. Each of these adjustments will be effective at the close of business on June 15, 2020. Any Warrant exercised on or prior to June 15, 2020 will not be entitled to these adjustments.
These adjustments resulted from the declaration by the Board of Directors of AIG on May 4, 2020 of a dividend of $0.32 per share on AIG Common Stock. The dividend is payable on June 29, 2020 to stockholders of record at the close of business on June 15, 2020.
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. AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange.
Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance www.twitter.com/AIGinsurance | LinkedIn: www.linkedin.com/company/aig. These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.
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 jurisdictions, and coverage is subject to underwriting requirements and 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.