8-KOther Events

AMERIPRISE FINANCIAL INC 8-K Report, Corporate Update (Jun 17, 2009)

Filed June 17, 2009For Securities:AMP

Summary

Ameriprise Financial, Inc. announced the completion of a significant public offering of its common stock on June 17, 2009. The company successfully issued and sold 36,000,000 shares at a price of $25.00 per share, generating substantial capital. This offering was conducted under an Underwriting Agreement dated June 11, 2009, with J.P. Morgan Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated acting as representatives for the underwriters. This event represents a key capital-raising activity for Ameriprise Financial during a challenging economic period. The proceeds from this offering are expected to strengthen the company's financial position and provide resources for future operations and strategic initiatives. Investors should view this as a positive development indicating the company's ability to access capital markets effectively.

Key Highlights

  • 1Completion of a public offering of 36,000,000 shares of common stock.
  • 2Stock was issued at a price of $25.00 per share.
  • 3The offering was completed on June 17, 2009.
  • 4The Underwriting Agreement was dated June 11, 2009.
  • 5J.P. Morgan Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as underwriters.
  • 6The filing was made pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
  • 7Walter S. Berman, EVP and CFO, signed the report.

Frequently Asked Questions

The primary event reported is the completion of Ameriprise Financial, Inc.'s public offering and sale of 36,000,000 shares of its common stock at $25.00 per share on June 17, 2009.

The company raised a total of $900,000,000 from the sale of 36,000,000 shares at $25.00 per share (36,000,000 shares * $25.00/share).

The underwriters for this offering were J.P. Morgan Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, acting as representatives for the several underwriters.

This offering represents a significant capital raise for Ameriprise Financial, likely intended to bolster its financial position, provide liquidity, and support its operations and strategic objectives, especially during a period of economic uncertainty.