AIG to Access $30 bln in Additional Funds

American International Group (AIG) has closed a deal to access nearly $30 billion in additional federal funds, Reuters reported. In a filing with the SEC on Monday, AIG said it would issue and sell to the U.S. Treasury 300,000 preferred shares, including warrants to purchase common stock, in exchange for up to $29.835 billion.

AIG has received more than $150 billion in taxpayer support since last year.

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