NEW YORK, July 21, 2017 (GLOBE NEWSWIRE) -- Ambac Financial Group, Inc. (Nasdaq:AMBC) ("Ambac"), a holding company
whose subsidiaries, including Ambac Assurance Corporation (“AAC”), provide financial guarantees, today announced that it will
release second quarter 2017 earnings on August 9, 2017 following the close of the market.
Conference Call
On August 10, 2017 at 8:30am (ET), Claude LeBlanc, President and Chief Executive Officer, and David Trick, Executive Vice President
and Chief Financial Officer, will discuss second quarter 2017 results during a live conference call. A live audio webcast of
the call will be available through the Investor Relations section of Ambac’s website, http://ir.ambac.com/events.cfm. Participants may also listen via telephone by dialing
833-227-5847 (Domestic) or 647-689-4074 (International).
The webcast will be archived on Ambac's website. A replay of the call will be available through August 17,
2017, and can be accessed by dialing (800) 585-8367 (Domestic) or (416) 621-4642 (International); and referencing ID# 55278932.
About Ambac
Ambac Financial Group, Inc. ("Ambac"), headquartered in New York City, is a holding company whose subsidiaries, including its
principal operating subsidiaries, Ambac Assurance Corporation ("AAC"), Everspan Financial Guarantee Corp. and Ambac Assurance UK
Limited ("Ambac UK"), provide financial guarantees to clients in both the public and private sectors globally. AAC, including
the Segregated Account of AAC (in rehabilitation), is a guarantor of public finance and structured finance obligations.
Ambac’s primary goal is to maximize stockholder value by executing the following key strategies: active runoff of AAC and its
subsidiaries through transaction terminations, policy commutations, settlements and restructurings that we believe will improve our
risk profile, and maximizing the risk-adjusted return on invested assets; loss recovery through litigation and exercise of
contractual and legal rights; improved cost effectiveness and efficiency of the operating platform; rationalization of AAC's
capital and liability structures, enabling simplification of corporate governance and facilitating the successful rehabilitation of
the Segregated Account; and selective business transactions offering attractive risk adjusted returns that, among other things, may
permit utilization of Ambac’s tax net operating loss carry-forwards. Ambac‘s common stock trades on the NASDAQ Global Select
Market under the symbol “AMBC”. The Amended and Restated Certificate of Incorporation of Ambac contains substantial
restrictions on the ability to transfer Ambac’s common stock. Subject to limited exceptions, any attempted transfer of common stock
shall be prohibited and void to the extent that, as a result of such transfer (or any series of transfers of which such transfer is
a part), any person or group of persons shall become a holder of 5% or more of Ambac’s common stock or a holder of 5% or more of
Ambac's common stock increases its ownership interest. Ambac is committed to providing timely and accurate information to the
investing public, consistent with our legal and regulatory obligations. To that end, we use our website to convey information
about our businesses, including the anticipated release of quarterly financial results, quarterly financial, statistical and
business-related information, and the posting of updates to the status of certain primary residential mortgage backed securities
litigations. For more information, please go to www.ambac.com.
CONTACTS: Lisa A. Kampf Managing Director, Investor Relations (212) 208-3177 lkampf@ambac.com
