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HomeMy WebLinkAbout2024 - Notice Regarding Change of Insurer and Address - Merger of Assured Guaranty Municipal Corp. with and into Assured Guaranty Inc.From:AGM-Merger To:Clerk, City Subject:[EXTERNAL] Notice of Change of Insurer and Address: Merger of Assured Guaranty Municipal Corp. with and into Assured Guaranty Inc. Date:Friday, August 2, 2024 1:58:46 AM NOTICE REGARDING CHANGE OF INSURER AND ADDRESS ASSURED GUARANTY MUNICIPAL CORP. August 1, 2024 Lansing Building Authority City of Lansing, 124 West Michigan Avenue Lansing, MI 48933-1694 city.clerk@lansingmi.gov Ladies and Gentlemen: We are writing in reference to the financial guaranty insurance policy listed at the end of this Notice to advise you of (i) a change to the insurer, and (ii) a new address for notices to the insurer, including notices of claims. Change to Insurer Effective as of August 1, 2024, Assured Guaranty Municipal Corp. (“AGM”) merged with and into its affiliate, Assured Guaranty Inc. (“AG”), with AG as the surviving corporation. No action is required of you. AGM’s financial guaranty insurance policy listed below remains in full force and effect. As the surviving corporation of the merger, AG has assumed, by operation of law, all of AGM’s liabilities and obligations to policyholders. All other terms, conditions and benefits of your policy remain unchanged, and your rights are not affected, by the merger. Notice Information Including Notices of Claims The notice information for AGM, including for notices of claims, has been changed to the following: Assured Guaranty Inc. 1633 Broadway New York, New York 10019 Attn: Risk Management Department - Surveillance RE: [Insert Transaction Name and Policy Number here] E-mail: munidisclosure@agltd.com Telephone: (212) 974-0100 In each case in which the notice refers to a claim on the policy or an event of default, such notice shall be marked “URGENT MATERIAL ENCLOSED” and a copy shall also be sent to the General Counsel at the above address and at generalcounsel@agltd.com . Endorsement to Policy AG will provide you with an endorsement to your policy reflecting the merger and the updated notice information included above after AG has received the required regulatory approvals of the form of endorsement from the applicable states. Additional Information Please note that this Notice is being sent to the issuer and paying agent (if applicable) of the securities insured by the policy. If you are the issuer of the insured securities, we call to your attention that the change to the insurer may trigger a reporting obligation by you and/or any other obligated person under a continuing disclosure undertaking related to the insured securities. For information regarding the continuing disclosure submission process with the Municipal Securities Rulemaking Board (MSRB) EMMA system, please see https://dataport.emma.msrb.org/Home/Index. For your convenience, a generic form of this Notice is available at AssuredGuaranty.com/agm. If you have any questions regarding what reporting obligation you may have, you should contact your financial advisor or bond counsel. In the event that you need further evidence of the merger, a copy of the Agreement and Plan of Merger filed with the Department of Financial Services of the State of New York and a copy of the Article of Merger filed with the Maryland Insurance Administration are available at AssuredGuaranty.com/agm. If you require additional information regarding any of the matters above or regarding making a claim or requesting a waiver or consent, please refer to AssuredGuaranty.com/agm for the appropriate contact within our Surveillance Department. Very truly yours, ASSURED GUARANTY INC. By: /s/ Holly Horn Name: Holly Horn Title: Chief Surveillance Officer Policy No.: 220427 Policy Name: Landing Building Authority, Michigan Insured CUSIPs* * CUSIP® is a registered trademark of the American Bankers Association. CUSIP data herein are provided by CUSIP Global Services, managed by S&P Capital IQ on behalf of the American Bankers Association. The data contained herein is not intended to create a database and does not serve in any way as a substitute for the CUSIP service. CUSIP numbers are provided for reference only. 516393LN3 516393LP8 516393LQ6 516393LR4 516393LS2 516393LT0 516393LU7 516393LV5 This e-mail message is for the sole use of the intended recipient(s) and may contain proprietary, confidential and/or privileged information. Any unauthorized review, use, disclosure or distribution is prohibited. If you are not the intended recipient (or an employee or agent responsible to deliver it to the intended recipient), you may not copy or deliver this message to anyone. In such case, you should destroy this message and kindly notify the sender by reply e-mail. We will use your personal data for purposes of replying to and considering your e-mail and establishing and maintaining our relationship with you or your business. In the course of our business relationship, we may transfer your personal data to third parties and to countries with different data protection laws than the country in which you reside. If you reside in the European Economic Area (“EEA”) please note that your data is transferred to countries outside of the EEA. For further information about how we use personal data and how to contact us to exercise your rights in relation to your personal data, please refer to our Privacy Policy published on http://assuredguaranty.com/privacy-policy.