-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AQwZgyzNMQcMgIm7BKjcvACZVl4HZP2L4rX0IJQzqt730FBOc0CV8kEdHRDvWLS4 ddkfnzDE/aoULbIMNUfGSA== 0001104659-08-058737.txt : 20080915 0001104659-08-058737.hdr.sgml : 20080915 20080915171429 ACCESSION NUMBER: 0001104659-08-058737 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080915 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20080915 DATE AS OF CHANGE: 20080915 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERIPRISE FINANCIAL INC CENTRAL INDEX KEY: 0000820027 STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282] IRS NUMBER: 133180631 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32525 FILM NUMBER: 081072331 BUSINESS ADDRESS: STREET 1: 1099 AMERIPRISE FINANCIAL CENTER CITY: MINNEAPOLIS STATE: MN ZIP: 55474 BUSINESS PHONE: 612-671-2018 MAIL ADDRESS: STREET 1: 1099 AMERIPRISE FINANCIAL CENTER CITY: MINNEAPOLIS STATE: MN ZIP: 55474 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN EXPRESS FINANCIAL CORP DATE OF NAME CHANGE: 20030513 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN EXPRESS FINANCIAL ADVISORS DATE OF NAME CHANGE: 19950711 FORMER COMPANY: FORMER CONFORMED NAME: IDS FINANCIAL CORP/MN/ DATE OF NAME CHANGE: 19920703 8-K 1 a08-23622_18k.htm 8-K

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported) September 15, 2008

 

AMERIPRISE FINANCIAL, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

 

001-32525

 

13-3180631

(State or other jurisdiction

 

(Commission

 

(IRS Employer

of incorporation)

 

File Number)

 

Identification No.)

 

55 Ameriprise Financial Center

 

 

Minneapolis, Minnesota

 

55474

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code (612) 671-3131

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


 

Item 7.01       Regulation FD Disclosure.

 

With Lehman Brothers Holdings Inc. (“Lehman Brothers”) having today filed a Chapter 11 bankruptcy petition concerning itself, Ameriprise Financial, Inc. (“Ameriprise”) herein describes specific credit exposures to Lehman Brothers and certain other financial services firms.

 

Ameriprise currently owns $157 million of Lehman Brothers senior notes maturing in 2009 and 2010.  These notes are currently trading at approximately 35% of par, with an unrealized loss position of approximately $102 million.

 

Ameriprise has offered to purchase, at par plus accrued interest, $50 million in Lehman Brothers Commercial Paper maturing September 26, 2008 currently held in money market mutual funds managed by Ameriprise’s subsidiary, RiverSource Investments LLC.  These securities are currently trading at approximately 35% of par, with an unrealized loss position of approximately $33 million. Ameriprise stands ready to purchase up to an additional $50 million of Lehman Brothers Commercial Paper held in these money market funds to maintain their $1 net asset value.

 

Additionally, in light of other recent news, Ameriprise owns approximately $118 million in American International Group, Inc. (“AIG”) related credit exposures, with $105 million in the form of guaranteed investment contracts issued by AIG’s SunAmerica Life Insurance subsidiary.  These contracts are considered insurance obligations and are pari-passu to policyholders of SunAmerica Life Insurance.

 

Ameriprise also owns $65 million in subordinated notes issued by Washington Mutual Bank, FA, the principal bank subsidiary of Washington Mutual, Inc.  These securities are currently trading at approximately 40% of par, with an unrealized loss position of approximately $39 million.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

AMERIPRISE FINANCIAL, INC.

 

(Registrant)

 

 

 

 

 

Date: September 15, 2008

By

/s/ Walter S. Berman

 

 

Walter S. Berman

 

 

Executive Vice President and

 

 

Chief Financial Officer

 

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