American Overseas Group Limited (BSX: AORE.BH) (Pink Sheets: AOREF.PK) (AORE) today announced that it completed a private repurchase of $10M liquidation value of its Series A Preference Shares (the Shares) from an undisclosed holder (the Holder). Post liquidation, the Company will have $3.6M liquidation value of its Series A Preference Shares outstanding.

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American Overseas Group Limited (BSX: AORE.BH) (Pink Sheets: AOREF.PK) (AORE) today announced that it completed a private repurchase of $10M liquidation value of its Series A Preference Shares (the Shares) from an undisclosed holder (the Holder). Post liquidation, the Company will have $3.6M liquidation value of its Series A Preference Shares outstanding.

GlobeNewswire Inc | Oct 23, 2020 04:00PM EDT

October 23, 2020

HAMILTON, Bermuda, Oct. 23, 2020 (GLOBE NEWSWIRE) -- American Overseas Group Limited (BSX: AORE.BH) (Pink Sheets: AOREF.PK) (AORE) today announced that it completed a private repurchase of $10M liquidation value of its Series A Preference Shares (the Shares) from an undisclosed holder (the Holder). Post liquidation, the Company will have $3.6M liquidation value of its Series A Preference Shares outstanding.

Information About the Company

American Overseas Group Limited is an insurance holding company incorporated in Bermuda and a tax resident of the United Kingdom. Its operating subsidiary, American Overseas Reinsurance Company Ltd., historically wrote financial guaranty reinsurance for U.S. and international public finance and structured finance transactions. The Companys financial guaranty reinsurance business is in run-off. More information can be found at www.aoreltd.com.

SOURCE: American Overseas Group Limited

info@aoreltd.com