AMG Calls Outstanding Floating Rate Convertible Securities
Affiliated Managers Group, Inc. (NYSE: AMG) will redeem all of its outstanding floating rate senior convertible securities due 2033 (“COBRAs”) on February 25, 2008. In lieu of redemption, holders of the COBRAs may elect to convert their COBRAs at any time before the close of business on February 21, 2008 in accordance with conversion provisions of the Indenture dated February 25, 2003 governing the COBRAs.
AMG is an asset management company that acquires and holds equity investments in a diverse group of boutique investment management firms. Pro forma for a pending investment, AMG’s affiliated investment management firms managed approximately $283 billion in assets as of December 31, 2007.
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