Ambac Financial (AMBC) Announces $20M Share Buyback

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Go back to Ambac Financial (AMBC) Announces $20M Share Buyback

Ambac Authorizes Share Repurchase Program

March 30, 2022 8:35 AM EDT

NEW YORK--(BUSINESS WIRE)-- Ambac Financial Group, Inc. (NYSE: AMBC) (Ambac or AFG), a financial services holding company, announces that its Board of Directors has approved a share repurchase program, under which Ambac may opportunistically repurchase up to $20 million of the Companys common shares at managements discretion over the period ending on March 31, 2024.

Under the share repurchase program, shares may be repurchased from time to time in the open market or negotiated transactions at prevailing market rates, or by other means in accordance with federal securities laws. There is no... More