MINNEAPOLIS--(BUSINESS WIRE)--
Ameriprise Financial, Inc. (NYSE:AMP), today announced a program
to provide shareholders owning fewer than 100 shares of its common
stock with an opportunity to sell all of their shares or purchase
additional shares to increase their holdings to 100 shares.
The voluntary program recognizes the inconvenience or potential
costs that can deter shareholders from purchasing or selling fewer
than 100 shares. The program also provides Ameriprise Financial with
the potential to reduce shareholder servicing and administrative
costs.
Participants will pay or receive a weighted average price based
upon shares traded on behalf of participants in the program. The
respective shares will be traded in the open market through a
designated broker. Participating shareholders will pay a $2.00
per-share processing fee up to a maximum of $40 per account.
Detailed program information is being mailed today to eligible
shareholders. Questions about the program can be directed to Georgeson
Inc., the program manager, toll free at 1-866-546-5789 or
www.oddlotprogram.com/Ameriprise.
Ameriprise Financial, Inc. is a leading financial planning and
services company with more than 12,000 financial advisors and
registered representatives that provides solutions for clients' asset
accumulation, income management and insurance protection needs. The
Company's financial advisors deliver tailored solutions to clients
through a comprehensive and personalized financial planning approach
built on a long-term relationship with a knowledgeable advisor. The
Company specializes in meeting the retirement-related financial needs
of the mass affluent. Financial advisory services and investments are
available through Ameriprise Financial Services, Inc. Member NASD and
SIPC. For more information, visit ameriprise.com.
(C) 2006 Ameriprise Financial, Inc. All rights reserved.
Source: Ameriprise Financial, Inc.
Contact: Ameriprise Financial, Inc.
Paul Johnson, 612-671-0625
paul.w.johnson@ampf.com