This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Assured Guaranty Ltd. to Report Third Quarter 2009 Financial Results on November 16, 2009 2009-10-22 06:01 ET - News Release HAMILTON, Bermuda -- (Business Wire)
Assured Guaranty Ltd. (NYSE: AGO) (the “Company”) announced that it
intends to issue its financial results and financial supplement for the
quarter ended September 30, 2009 (“third quarter 2009”) after 4:00 p.m.
Eastern Time (5:00 p.m. Atlantic Time) on Monday, November 16, 2009. A
copy of these documents will be available on the Company's website at http://www.assuredguaranty.com.
Third quarter 2009 financial results will include the financial results
of Financial Security Assurance Holdings Ltd. (“FSAH”), which is the
parent of financial guaranty insurance company Financial Security
Assurance Inc., that the Company acquired on July 1, 2009. The Company’s
financial results will also include the purchase accounting adjustments
for the fair value of the acquired assets and liabilities, primarily
FSAH’s financial guaranty insurance contracts, and the impact of
conforming FSAH’s accounting policies, methodologies and assumptions to
that of the Company’s. As a result of the need to consolidate FSAH into
the Company’s financial statements, the Company expects that it will be
unable to file its Form 10-Q for the period ended September 30, 2009 by
the November 9, 2009 due date without unreasonable effort and expense.
The Company anticipates filing a Form 12b-25 with the Securities and
Exchange Commission when appropriate and filing its Form 10-Q by
November 16, 2009.
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