AMERICAN EXPRESS ISSUES NOTICE TO CONVERTIBLE DEBENTURE HOLDERS
NEW YORK, August 25, 2005 -- On August 24, 2005, the Board of Directors of American Express Company (the “Company”) approved the distribution of 100% of the shares of the Company's wholly-owned subsidiary, Ameriprise Financial, Inc. (formerly American Express Financial Corporation) to the Company's shareholders as of September 19, 2005. Pursuant to the Indenture dated November 21, 2003 between the Company and U.S. Bank National Association, as Trustee, the Company's 1.85% Convertible Senior Debentures due 2033 (the “Securities”) will become convertible by Holders of the Securities commencing at 8:00 a.m. on August 26, 2005 and ending at 4:15 p.m. on September 14, 2005. Holders who elect to convert Securities will receive only cash upon conversion.
Beneficial owners of the Securities should contact the bank, broker, dealer, trust company or other nominee through which it owns the Securities to determine the applicable procedures for conversion of their Securities.
American Express Company (www.americanexpress.com), founded in 1850, is a global travel, financial and network services provider.
