On July 2, 2010, Ambac Financial Group, Inc. received a notice from the New York Stock Exchange (the NYSE) that company has fallen below the NYSEs continued listing standard relating to the price of its common stock. The NYSE requires that the average closing price of a listed companys common stock be at least $1.00 per share over a consecutive 30 trading day period. As of July 2, 2010, the date of the NYSE notice, the 30 trading-day average closing price of companys common stock was $0.87 per share. Under the NYSEs rules, the company has six months from the date of the NYSE notice to have a closing share price and 30 trading-day average share price of its common stock of at least $1.00 in order to avoid the delisting of its shares. During this period, the companys common stock will continue to be traded on the NYSE, subject to companys compliance with other NYSE continued listing requirements. On July 2, 2010, the company informed the NYSE of its intent to cure the price deficiency and have a closing share price and average share price of its common stock of at least $1.00 per share within six months of receipt of the notice from the NYSE. The company has previously obtained shareholder approval authorizing its Board of Directors, at the Boards discretion, to effect a reverse stock split.

Ambac Financial Group, Inc. expected to report Q2 2010 results on August 11, 2010. This event was calculated by Capital IQ (Created on June 27, 2010).

Ambac Financial Group, Inc., at its annual meeting of stockholders held on June 14, 2010, ratified the selection of KPMG LLP as independent auditors of the company and its subsidiaries for 2010. The company also approved an amendment to the companys charter to effect a Reverse Stock Split.