Ally Statement on the Launch of U.S. Treasury's Sale of Remaining Common Equity

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Dec 18, 2014, 05:33 ET

DETROIT, Dec. 18, 2014 /PRNewswire/ -- The U.S. Department of the Treasury today launched an offering to sell its remaining 54,926,296 shares of Ally common stock. Upon completion of the transaction, Ally will exit the Troubled Asset Relief Program (TARP).

Prior to this transaction, the U.S. Treasury has received $18.3 billion on a $17.2 billion investment in Ally, representing excess proceeds of $1.1 billion thus far.

Contact:
Gina Proia
646-781-2692
[email protected]

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SOURCE Ally Financial