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Harbinger Reports Reduced Stakes In Bond Insurers MBIA, Ambac

Last Update: 5/15/2008 11:35:11 AM

DOW JONES NEWSWIRES

Hedge fund Harbinger Capital Partners and affiliates reported Thursday reduced
stakes in bond insurers MBIA Inc. (MBI) and Ambac Financial Group Inc. (ABK) in
their first-quarter holdings reports.

At March 31, the hedge fund group reported holding 880,300 shares of MBIA, worth
$10.8 million, down from 1.63 million shares, worth about $30.4 million, at Dec.
31.

In a filing with the Securities and Exchange Commission, the group said it held
about 1.44 million shares of Ambac, compared with 1.79 million shares at the end
of the fourth quarter.

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