The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
5/12/2020 Treasury Announces $750 Million in Additional Expected Proceeds from AIG Common Stock U.S. DEPARTMENT OF THE TREASURY Press Center Treasury Announces $750 Million in Additional Expected Proceeds from AIG Common Stock 5/7/2012 Brings Overall Expected Proceeds from Offering to $5.8 Billion and Will Reduce Treasury Common Stock Stake to 61 Percent WASHINGTON – Today, the U.S. Department of the Treasury announced that it expects to receive an additional $750 million from its underwritten public offering of American International Group, Inc. (AIG) common stock. The underwriters have exercised their overallotment option in full to purchase approximately 24.6 million additional shares of AIG common stock at the public offering price of $30.50 per share. On May 6, Treasury agreed to sell approximately 163.9 million shares of AIG common stock at $30.50 per share in an underwritten public offering for expected proceeds of approximately $5.0 billion. The exercise of the over-allotment option increases Treasury’s expected proceeds from the public offering to approximately $5.8 billion and total number of shares sold in the offering to approximately 188.5 million. Overall, the offering is expected to reduce Treasury’s remaining investment in AIG to $30 billion, consisting of approximately 1.06 billion shares of common stock; and reduce Treasury’s percentage ownership of AIG’s outstanding shares of common stock from 70 percent to 61 percent. ### https://www.treasury.gov/press-center/press-releases/Pages/tg1572.aspx 1/2 5/12/2020 Treasury Announces $750 Million in Additional Expected Proceeds from AIG Common Stock https://www.treasury.gov/press-center/press-releases/Pages/tg1572.aspx 2/2