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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2013
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

 

 

17. SUBSEQUENT EVENTS

 

 

Dividend Declared

 

On August 1, 2013, our Board of Directors declared a cash dividend on AIG Common Stock of $0.10 per share, payable on September 26, 2013 to shareholders of record on September 12, 2013. The payment of any future dividends will be at the discretion of our Board of Directors and will depend on various factors, including the regulatory framework applicable to us, as discussed further in Note 11 herein.

 

Authorized Share Repurchase

 

On August 1, 2013, our Board of Directors authorized the repurchase of shares of AIG Common Stock, with an aggregate purchase price of up to $1.0 billion, from time to time in the open market, private purchases, through forward, derivative, accelerated repurchase or automatic repurchase transactions or otherwise. The timing of such repurchases will depend on market conditions, our financial condition, results of operations, liquidity and other factors.

 

International Lease Finance Corporation Sale

 

As of August 5, 2013, the closing of the ILFC Transaction has not occurred. See Note 4 herein for further discussion.