Like AGM, AGC underwrites guaranties on both new-issue and secondary-market U.S. municipal bonds and infrastructure transactions. However, AGC also underwrites guaranties for structured financings, including asset-backed securities, in the U.S. and international capital markets and is the lead company in the Assured Guaranty family of companies to focus on those markets. As a result, we expect AGC’s portfolio of insured bonds to continue to include exposure to the structured and asset-backed finance markets.
Bonds insured by AGC are obligations of AGC solely, and are not obligations of, or guaranteed or otherwise supported by, Assured Guaranty Ltd. or any of its other subsidiaries.
In addition, AGC entered into agreements with the Woodbourne Capital Trusts, which issued committed capital securities to institutional investors. The Woodbourne Capital Trusts granted AGC put options that, if exercised, would require each trust to liquidate a portion of its assets in order to purchase AGC preferred stock.
For additional information or questions about AGC, please contact Investor Relations.