Ameriprise Financial (AMP) Prices 36M Shares at $25

June 12, 2009 7:11 AM EDT

Ameriprise Financial, Inc. (NYSE: AMP) announced that it has priced its underwritten registered public offering of 36 million shares of its common stock at $25.00 per share.

AMP closed at $25.99 per share.

The aggregate net proceeds to Ameriprise Financial from the offering of common stock will be approximately $868.5 million, exclusive of any proceeds attributable to the underwriters' possible exercise of their over-allotment option. The company plans to use the proceeds for general corporate purposes, including to support growth initiatives and to take advantage of acquisition opportunities as they become available.

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