Assured Guaranty said it plans to free up about $1 billion in capital over the next three to five years as it winds down a structured finance portfolio.

The company said that capital will be released as its structured finance book runs off. It added that 26% of the Assured Guaranty legacy structured finance portfolio is expected to run off from 3Q09 to year-end 2010 and 86% by year-end 2015.

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