NEW YORK--(BUSINESS WIRE)--May 2, 2016--
American International Group, Inc. (NYSE:AIG) today announced that its
Board of Directors declared a quarterly dividend of $0.32 per share on
AIG Common Stock, par value $2.50 per share. The dividend is payable on
June 27, 2016, to stockholders of record at the close of business on
June 13, 2016.
"One of AIG's key strategic objectives is to return $25 billion of
capital to shareholders through share repurchases and dividends,” said
Douglas M. Steenland, Chairman of the Board of Directors of AIG. “During
the first quarter, we returned over $4.0 billion to shareholders through
repurchases of both common stock and warrants to purchase common stock
and dividends paid. AIG Management and the Board are focused on
executing the strategic plan and this quarter’s capital actions
demonstrate our commitment to the strategic objectives.”
This dividend will result in an adjustment to the exercise price of the
outstanding warrants (CUSIP number 026874156) (the “Warrants”) to
purchase shares of AIG Common Stock and an adjustment to the number of
shares of AIG Common Stock receivable upon Warrant exercise. The exact
adjustments, determined by a formula set forth in the Warrant Agreement,
will become calculable on or around June 8, 2016, the day prior to the
ex-dividend date. Once the adjustments are determined, AIG will announce
the actual adjustment to the Warrant exercise price and shares
receivable. Further information on the Warrants and the adjustments is
available in the Investor Relations section of AIG’s website.
Certain statements in this press release constitute forward-looking
statements. These statements are not historical facts but instead
represent only AIG’s belief regarding future events, many of which, by
their nature, are inherently uncertain and outside AIG’s control. It is
possible that actual results will differ, possibly materially, from the
anticipated results indicated in these statements. Factors that could
cause actual results to differ, possibly materially, from those in the
forward-looking statements are discussed throughout AIG’s periodic
filings with the SEC pursuant to the Securities Exchange Act of 1934.
American International Group, Inc. (AIG) is a leading global insurance
organization serving customers in more than 100 countries and
jurisdictions. Founded in 1919, today we provide a wide range of
property casualty insurance, life insurance, retirement products,
mortgage insurance and other financial services to customers in more
than 100 countries and jurisdictions. Our 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 and the Tokyo Stock
Additional information about AIG can be found at www.aig.com
| YouTube: www.youtube.com/aig
| Twitter: @AIGinsurance | LinkedIn: http://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 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.
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Source: American International Group, Inc.
American International Group, Inc.
Liz Werner (Investors),
Melon (Investors), 212-770-4630
Hendricks Sullivan (Media), 212-770-3141