Company has reduced holdings in recent months
RICHMOND, Va., Sept. 8 /PRNewswire-FirstCall/ -- Genworth Financial, Inc.
(NYSE: GNW) today released figures on its Fannie Mae and Freddie Mac holdings.
As of September 5, 2008 Genworth had reduced its total holdings of senior
debt in these two organizations to $119 million from $141 million on June 30,
2008. It also had reduced its preferred stock holdings to $72 million from
$126 million on June 30, 2008. Genworth currently holds no subordinated debt
or common stock in either Fannie Mae or Freddie Mac.
Genworth's total preferred stock holdings in these two organizations
represent one tenth of one percent of its total investment portfolio of
approximately $72 billion.
About Genworth Financial
Genworth Financial, Inc. (NYSE: GNW) is a leading public Fortune 500
global financial security company. Genworth has $114 billion in assets and
employs approximately 7,000 people in 25 countries. Its products and services
help meet the investment, protection, retirement and lifestyle needs of over
15 million customers. Genworth operates through three segments: Retirement and
Protection, International and U.S. Mortgage Insurance. Its products and
services are offered through financial intermediaries, advisors, independent
distributors and sales specialists. Genworth Financial, which traces its roots
back to 1871, became a public company in 2004 and is headquartered in
Richmond, Virginia. For more information, visit genworth.com.
SOURCE Genworth Financial
Alicia Charity, +1-804-662-2248
Al Orendorff, +1-804-662-2534
Web site: http://www.genworth.com