Founded in 1997, ACA Financial Guaranty Corporation is a monoline bond insurance company licensed in 50 states and 5 territories and regulated by the Maryland Insurance Administration. On August 8, 2008, the Company and counterparties to its structured finance products reached an agreement on a restructuring plan for ACA. The plan, approved by the Maryland Insurance Administration, provided for settlement of the structured finance obligations and protection for ACA’s municipal policyholders. ACA will operate as a runoff insurance company and focus on actively managing its remaining insured municipal obligations. ACA’s portfolio consists of hundreds of obligors guarantying timely payment of principal and interest on billions of dollars of high yield municipal bonds.