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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): March 21, 2000
AMBAC FINANCIAL GROUP, INC.
(Exact name of Registrant as specified in its charter)
Delaware 1-10777 13-3621676
(State of incorporation) (Commission file number) (I.R.S.employer
identification no.)
One State Street Plaza 10004
New York, New York (Zip code)
(Address of principal executive offices)
(212) 668-0340
(Registrant's telephone number, including area code)
Page 1 of 6 Pages
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Index to Exhibits on Page 4
Item 5. Other Events
On March 21, 2000, Ambac Financial Group, Inc. (the "Registrant") issued a
press release announcing that the Registrant and MBIA Inc. had decided to
restructure their international joint venture. Exhibit 99.07 is a copy of such
press release and is incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits.
Exhibit Number Item
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99.07 Press Release announcing that Ambac and
MBIA are restructuring their International
Joint Venture.
Page 2 of 6
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.
Ambac Financial Group, Inc.
(Registrant)
Dated: March 22, 2000 By: /s/ Frank J. Bivona
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Frank J. Bivona
Executive Vice President and Chief
Financial Officer
Page 3 of 6
INDEX TO EXHIBITS
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Exhibit
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Number Description of Exhibit
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99.07 Release announcing that Ambac and
MBIA are restructuring their International
Joint Venture.
Page 4 of 6