Ambac Financial Group, Inc. Regains Compliance
with NYSE Minimum Share Price Listing
May 03, 2010 03:12 PM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--Ambac Financial Group, Inc. (NYSE: ABK) (Ambac) today
announced that the New York Stock Exchange ("NYSE") notified Ambac today that its average stock price for the
30-trading days ended April 30, 2010 was above the NYSE’s minimum requirement of $1.00 per share.
Accordingly, Ambac has resumed compliance with all NYSE continued listing requirements and the “.BC” indicator
following the ABK stock symbol will be removed by the NYSE tomorrow.
On December 8, 2009, Ambac was notified by the NYSE that the average closing price of its common stock had
declined below a consecutive 30-trading-day average price of $1.00 per share. Ambac had approximately six-
months to regain compliance or be delisted. As a result, the NYSE added a “.BC” indicator to its stock symbol. In
the event that the average closing price of Ambac’s common stock were to again fall below $1.00 per share over a
consecutive 30-trading-day period, Ambac would be out of compliance and would be required to cure such non-
compliance or face possible delisting.
Ambac Financial Group, Inc., headquartered in New York City, is a holding company whose affiliates provided
financial guarantees and financial services to clients in both the public and private sectors around the world. Ambac's
principal operating subsidiary, Ambac Assurance Corporation, a guarantor of public finance and structured finance
obligations, has a Caa2 rating under review for possible upgrade from Moody's Investors Service, Inc. and an R
(regulatory intervention) financial strength rating from Standard & Poor's Ratings Services. Ambac Financial Group,
Inc. common stock is listed on the New York Stock Exchange (ticker symbol ABK).
This release contains statements that may constitute "forward-looking statements" within the meaning of the safe