AMG Announces Pricing of Public Offering of Common Stock
AMG intends to use any proceeds that it receives upon settlement of the forward sale agreement described below for general corporate purposes, which may include funding investments in new and existing Affiliates.
The offering is expected to close on
In connection with the offering of its common stock, AMG has entered
into a forward sale agreement with
If the Forward Purchaser does not borrow and sell to the underwriters all of the shares of common stock to be sold by it pursuant to the terms of the underwriting agreement, AMG will be required to issue and sell to the underwriters any shares of common stock that the Forward Purchaser does not borrow and sell.
AMG and each director and executive officer of the Company has agreed with the underwriters, subject to certain exceptions, not to sell, transfer or otherwise dispose of securities of AMG during the 45-day period following the offering date.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities in any jurisdiction to
any person to whom it is unlawful to make an offer, solicitation or sale
in such jurisdiction. The public offering is being made pursuant to an
effective shelf registration statement that has been filed with the
About AMG
AMG is a global asset management company with equity investments in
leading boutique investment management firms. AMG’s innovative
partnership approach allows each Affiliate’s management team to own
significant equity in their firm while maintaining operational autonomy.
AMG’s strategy is to generate shareholder value through the growth of
existing Affiliates, as well as through investments in new Affiliates
and additional investments in existing Affiliates. In addition, AMG
provides centralized assistance to its Affiliates in strategic matters,
marketing, distribution, product development and operations. As of
Certain matters discussed in this press release may constitute
forward-looking statements within the meaning of the federal securities
laws. These statements include, but are not limited to, statements
related to our expectations regarding the performance of our business,
our financial results, our liquidity and capital resources and other
non-historical statements. You can identify these forward-looking
statements by the use of words such as “outlook,” “guidance,”
“believes,” “expects,” “potential,” “continues,” “may,” “will,”
“should,” “seeks,” “approximately,” “predicts,” “projects,” “intends,”
“plans,” “estimates,” “pending investments,” “anticipates” or the
negative version of these words or other comparable words. Actual
results and the timing of certain events could differ materially from
those projected in or contemplated by the forward-looking statements due
to a number of factors, including changes in the securities or financial
markets or in general economic conditions, the availability of equity
and debt financing, competition for acquisitions of interests in
investment management firms, the ability to close pending investments,
the investment performance and growth rates of our Affiliates and their
ability to effectively market their investment strategies, the mix of
Affiliate contributions to our earnings and other risks, uncertainties
and assumptions, including those described under the section entitled
“Risk Factors” in our Annual Report on Form 10-K for the year ended
From time to time, AMG may use its website as a distribution channel of material Company information. AMG routinely posts financial and other important information regarding the Company in the Investor Relations section of its website at www.amg.com and encourages investors to consult that section regularly.
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Source:
AMG Investor and Media Relations:
Alexandra Lynn Selene Oh, +1
617-747-3300
ir@amg.com
pr@amg.com