- The Market with the Highest Initial Listing Standards in the World -
WINSTON-SALEM, N.C., July 5 /PRNewswire-FirstCall/ -- Triad Guaranty
Inc. (Nasdaq: TGIC) today announced that it is included in the new NASDAQ
Global Select Market. The NASDAQ Global Select Market has the highest
initial listing standards of any exchange in the world based on financial
and liquidity requirements. Prior to the change, the company had been
listed on the NASDAQ National Market.
Beginning July 3, NASDAQ-listed companies will be classified under
three listing tiers - NASDAQ Global Select Market, NASDAQ Global Market,
and NASDAQ Capital Market. NASDAQ also plans to launch indexes based on
these new tiers.
"Triad Guaranty is an example of an industry leader that has achieved
superior listing standards, which clearly defines the essence of the NASDAQ
Global Select Market," said Bruce Aust, Executive Vice President, Corporate
Client Group. "NASDAQ is focused on leading a race to the top in terms of
listing qualifications. In recognizing these companies, we are highlighting
their achievement in meeting the requirements to be included in the market
with the highest listing standards in the world," added Mr. Aust.
NASDAQ announced the new three tier listing classification in February
2006. All three market tiers will maintain rigorous listing and corporate
governance standards. For additional information about the NASDAQ Global
Select Market, please go to: http://www.nasdaq.com/GlobalSelect.
About NASDAQ
NASDAQ is the largest U.S. electronic stock market. With approximately
3,200 companies, it lists more companies and, on average, trades more
shares per day than any other U.S. market. It is home to companies that are
leaders across all areas of business including technology, retail,
communications, financial services, transportation, media and
biotechnology. NASDAQ is the primary market for trading NASDAQ-listed
stocks. For more information about NASDAQ, visit http://www.nasdaq.com or the
NASDAQ Newsroom at http://www.nasdaq.com/newsroom/.
About Triad Guaranty Inc.
Triad Guaranty Inc.'s wholly owned subsidiary, Triad Guaranty Insurance
Corporation, is a nationwide mortgage insurer providing credit enhancement
solutions to its lender customers and the capital markets. This allows
buyers to achieve homeownership sooner, facilitates the sale of mortgage
loans in the secondary market and protects lenders from credit
default-related expenses. For more information, please visit the company's
web site at http://www.triadguaranty.com.
SOURCE Triad Guaranty Inc.
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Related links:
http://www.triadguaranty.com
http://www.nasdaq.com/GlobalSelect http://www.nasdaq.com
http://www.nasdaq.com/newsroom/
CONTACT:
Ken Jones, Senior Vice President and Chief
Financial Officer of Triad Guaranty Inc., +1-800-451-4872, ext.
1105, or kjones@tgic.com
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