Triad Guaranty Inc. Common Stock Expected to Begin Trading on the OTC Bulletin Board(R) and Pink Sheets(R) Markets Today
December 28 2009 - 9:00AM
PR Newswire (US)
WINSTON-SALEM, N.C., Dec. 28 /PRNewswire-FirstCall/ -- Triad
Guaranty Inc. (the "Company") today announced that, effective
before the markets open today, its common stock will be formally
delisted from The NASDAQ Stock Market and will begin to be quoted
on both the Pink Sheets® and the OTC Bulletin Board®
over-the-counter markets. The Company expects that its common stock
will continue to be represented by the symbol "TGIC." Investors
should contact their brokers if they wish to initiate trades in the
Company's common stock. The Company's common stock remains
registered with the Securities and Exchange Commission (the "SEC"),
and the Company intends to continue to file periodic, annual and
other reports and statements with the SEC. Triad Guaranty Inc.'s
wholly owned subsidiary, Triad Guaranty Insurance Corporation, is a
nationwide mortgage insurer pursuing a voluntary run-off of its
existing in-force book of business. For more information, please
visit the Company's web site at http://www.triadguaranty.com/.
Certain of the statements contained in this release are
"forward-looking statements" and are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. These statements include estimates and assumptions related
to economic, competitive, regulatory, operational and legislative
developments. These forward-looking statements are subject to
change, uncertainty and circumstances that are, in many instances,
beyond the Company's control and they have been made based upon
management's current expectations and beliefs concerning future
developments and their potential effect on the Company. Actual
developments and their results could differ materially from those
expected by management, depending on the outcome of a number of
factors, including: the possibility that the Illinois Department of
Insurance may take various actions regarding Triad Guaranty
Insurance Corporation if it does not operate its business in
accordance with its revised financial and operating plan and the
corrective orders, including seeking receivership proceedings; the
Company's ability to operate its business in run-off and maintain a
solvent run-off; the Company's ability to continue as a going
concern; the possibility of general economic and business
conditions that are different than anticipated; legislative,
regulatory, and other similar developments; changes in interest
rates, employment rates, the housing market, the mortgage industry
and the stock market; the possibility that there will not be
adequate interest in the Company's common stock to ensure efficient
pricing; and various factors described under "Risk Factors" and in
the "Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995" in the Company's Annual Report on Form 10-K for
the year ended December 31, 2008 and in other reports and
statements filed with the SEC. Forward-looking statements are based
upon management's current expectations and beliefs concerning
future events and the Company undertakes no obligation to update or
revise any forward-looking statements to reflect the impact of
circumstances or events that arise after the date the
forward-looking statements are made. DATASOURCE: Triad Guaranty
Inc. CONTACT: Bob Ogburn, Vice President and Treasurer of Triad
Guaranty Inc., +1-336-723-1282 ext. 1167, Web Site:
http://www.triadguaranty.com/
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