Exhibit 99
| MGIC Investment Corporation |  |
March 11, 2009
By U.S. Mail, Fax and Email
CEDE & CO.
PO Box 20
Bowling Green Station
New York, NY 10004
PO Box 20
Bowling Green Station
New York, NY 10004
| Re: | MGIC Investment Corporation 9% Convertible Junior Subordinated Debentures due 2063 (the “Debentures”) CUSIP: 552848AB9 |
Ladies and Gentlemen:
This is notice that under Section 2.09 of the Indenture referred to below MGIC Investment Corporation is deferring until April 1, 2019 the payment of interest on the Debentures that would otherwise be due on April 1, 2009.
The Debentures are issued under the Indenture, dated as of March 28, 2008, between MGIC Investment Corporation and U.S. Bank National Association, as Trustee. The Trustee has advised us that you are the only Holder, as that term is defined in such Indenture, of the Debentures.
Very truly yours,
MGIC Investment Corporation
| By: | /s/ J. Michael Lauer | |||
| J. Michael Lauer | ||||
| Executive Vice President and | ||||
| Chief Financial Officer |
| cc: | U.S. Bank National Association Attention: Steven F. Posto |
MGIC Plaza, P.O. Box 488, Milwaukee, Wisconsin 53201, (414) 347-6442
WATS (800) 558-9900
WATS (800) 558-9900