Bank Of America Reports American International Values Stake In Maiden Lane III At Over $7 Billion

According to Bank Of America, American International (NYSE: AIG) values its stake in Maiden Lane III at over $7 billion, providing estimated annual revenue of over $600M.

Bank Of America said that the Federal Reserve reported a June 8th, Maiden Lane II net portfolio value of $12.5B, however the Fed's disclosed valuation is based on first quarter pricing. “Negative market data suggests that the MLII portfolio has performed poorly in the quarter. Based on available pricing data of actual MLII holdings, we estimate that the portfolio is down roughly $800 million, or 6-7% in the quarter to date.”

American International closed yesterday at $28.04.