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Oops!= Ambac Reminds Investors That Its Common Stock Will Be Cancelled upon Emergence from Bankruptcy
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Ambac Financial Group, Inc. (QB) (USOTC:ABKFQ)
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1 Month : From Mar 2013 to Apr 2013
Ambac Financial Group, Inc. (“Ambac”) (ticker symbol: ABKFQ) seeks to remind investors, as previously reported, including on page 4 and elsewhere in Ambac’s Annual Report on Form 10-K for the year ended December 31, 2012, that our Fifth Amended Plan of Reorganization, which was confirmed by the United States Bankruptcy Court for the Southern District of New York on March 14, 2012, provides for our common stock to be cancelled. Accordingly, holders of our common stock will not receive any distribution with respect to, or be able to recover any portion of, their investment in such securities. As such, all of our currently outstanding equity securities will be cancelled and have no value upon our emergence from bankruptcy.