Triad Guaranty Inc (TGIC)

[Enterprising Investor]

The Plan

Post Effective Date Business Plan

The Reorganized Debtor intends to use its existing business structure to create a broad based insurance and investment platform. The Reorganized Debtor and the Plan Proponents believe the company’s insurance holding company platform make it uniquely suited to make profitable investments in insurance assets as well as other financial and business assets. Insurance holding companies often invest in stable, long term, cash flowing investments to support long term capital needs.

The Reorganized Debtor intends to initially partner with private equity investors, family offices, and corporate operators to acquire operating assets and financial investments. The Reorganized Debtor’s proposed management team shall use commercially reasonable efforts to rebuild the company into a well-capitalized and profitable insurance and finance company in areas that may include the following, by way of example:

• Insurance Assets — the Reorganized Debtor intends to continue operating as an insurance holding company.

• Asset Portfolio Acquisitions — the Reorganized Debtor will seek opportunistic acquisitions of operating, cash-flow generating assets. Frequently, acquired portfolios may be focused on specialized industries with unique tax attributes, such as solar and wind energy, transport assets and portfolios of leasable equipment. Such investments may lead to further opportunities over the long term, particularly when they come with talented management.

• Equity Investments — In the right circumstances, the Reorganized Debtor may acquire controlling interests in operating companies, including through purchasing senior debt of companies to be later converted into equity, or through outright purchases of controlling equity interests.

I want to be clear. My stake is currently tiny. I view it primarily as a way to receive financial information.