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AIG to Redeem Junior Subordinated Debentures

American International Group, Inc. (NYSE: AIG) has declared its intention to redeem all outstanding Series A-3 Junior Subordinated Debentures. This redemption will take place on September 16, 2024, which has been designated as the Redemption Date. On that date, AIG will disburse a redemption price equivalent to 100% of the principal amount of the Debentures, along with any accrued and unpaid interest up until the Redemption Date. As of September 3, 2024, a total of €41,550,000 in principal amount of these Debentures remains outstanding.

It’s important to note that this announcement does not serve as an official notice of redemption. Registered holders of the Debentures are advised to consult the specific notice of redemption provided by The Bank of New York Mellon, who acts as the trustee for these Debentures.

Forward-Looking Statements

This announcement may contain forward-looking statements regarding the completion of the redemption of the Debentures. Such statements reflect AIG’s outlook on future events, which are subject to numerous uncertainties beyond the company’s control. As a result, actual outcomes may substantially differ from the anticipated results. Factors that could lead to discrepancies with these forward-looking statements can be found in AIG’s periodic filings with the Securities and Exchange Commission (SEC) under the Securities Exchange Act of 1934.

About AIG

AIG stands as a prominent global insurance entity, providing a myriad of insurance solutions designed to assist both businesses and individuals across approximately 190 countries and territories. These resources enable clients to safeguard their assets while effectively managing risks, facilitated through AIG’s extensive operations and partner networks. For further details about their services, prospective clients can visit www.aig.com. However, the information available on the website is not to be considered part of this announcement.

AIG operates under a marketing name representing its global operations, and all products and services are offered through its subsidiaries or affiliates. It is essential to understand that not all offerings are available in every jurisdiction, and coverage relies on specific underwriting criteria and actual policy details. Furthermore, products and services not categorized as insurance may be provided by independent third parties. Certain property casualty coverages may involve surplus lines insurers, who typically do not engage in state guaranty funds, thus leaving insured parties without the protection offered by such funds.

For more information, you can view the original source on businesswire.com: Business Wire.

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