In November, CIFG announced a $1.5 billion capital infusion from Banque Populaire Group and Caisse d'Epargne Group, the controlling shareholders of its parent company Natixis. Assured Guaranty made a roughly $304 million public offering in December, the proceeds of which will go to its reinsurance subsidiary, Assured Guaranty Re. Also in December, MBIA announced a $500 million investment in common equity at $31 per share from Warburg Pincus. Just last week, the company said it will reduce its quarterly shareholder dividend to 13 cents per share from 34 cents per share as well as take on reinsurance that could reduce its capital requirements by $50 million to $150 million. MBIA also announced that it will be issuing $1 billion of surplus notes.