GMAC (now Ally Financial)
Detroit,
Mich. |
See all recipients in
Michigan
$16.3B
Disbursed
$15.7B
Returned
$3.68B
Revenue to Gov't
$3.06B
Profit
GMAC's first aid came in mid-December of 2008, when Treasury Secretary Hank Paulson stepped in to rescue GM and Chrysler. You can see the full tally of the auto industry bailout here. It received further aid in 2009. The company was renamed Ally Financial in 2010.
Treasury began the process of extricating itself from the investment in December of 2010, when it converted $5.5 billion of its preferred stock into common stock, leaving it with a common equity stake of 74 percent in Ally. That share was reduced in 2013 to 63 percent as part of a transaction. See details to the left for Treasury's remaining stake.
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 01/02/2015 | Refund | $1,277,036,382 | AIFP |
Partial Repayment
With this sale of common stock, the Treasury reduced its stake in Ally to 0 percent.
|
| 09/12/2014 | Refund | $218,680,700 | AIFP |
Partial Repayment
With this sale of common stock, the Treasury reduced its stake in Ally to 13.8 percent.
|
| 05/14/2014 | Refund | $181,141,750 | AIFP |
Partial Repayment
With this sale of common stock, the Treasury reduced its stake in Ally to 15.6 percent.
|
| 04/15/2014 | Refund | $2,375,000,000 | AIFP |
Partial Repayment
With this sale of common stock, the Treasury reduced its stake in Ally to 17.09 percent.
|
| 01/23/2014 | Refund | $3,023,750,000 | AIFP |
Partial Repayment
With this sale of common stock, the Treasury reduced its stake in Ally to 36.96 percent.
|
| 11/20/2013 | Refund | $5,925,000,000 | AIFP |
Partial Repayment
On November 20, 2013, Ally completed a private placement of an aggregate of 216,667 shares of its common stock for an aggregate price of approximately $1.3 billion and the repurchase of all outstanding shares of its Fixed Rate Cumulative Mandatorily Convertible Preferred Stock, Series F-2, held by Treasury, including payment for the elimination or relinquishment of any right to receive additional shares of common stock to be issued (the Share Adjustment Right). Ally paid to Treasury a total of approximately $5.93 billion for the repurchase of the Series F-2 Preferred Stock and the elimination of the Share Adjustment Right. As a result of the private placement, Treasury's common stock ownership stake was diluted from 73.8 percent to 63.45 percent. Treasury continues to own 981,971 shares of common stock in Ally.
|
| 11/20/2013 | Dividend | $7,421,875 | AIFP |
Dividend - Cumulative
|
| 11/15/2013 | Dividend | $133,593,750 | AIFP |
Dividend - Cumulative
|
| 08/15/2013 | Dividend | $133,593,750 | AIFP |
Dividend - Cumulative
|
| 05/15/2013 | Dividend | $133,593,750 | AIFP |
Dividend - Cumulative
|
| 02/15/2013 | Dividend | $133,593,750 | AIFP |
Dividend - Cumulative
|
| 11/15/2012 | Dividend | $133,593,750 | AIFP |
Dividend - Cumulative
|
| 08/15/2012 | Dividend | $133,593,750 | AIFP |
Dividend - Cumulative
|
| 05/15/2012 | Dividend | $133,593,750 | AIFP |
Dividend - Cumulative
|
| 02/15/2012 | Dividend | $133,593,750 | AIFP |
Dividend - Cumulative
|
| 11/15/2011 | Dividend | $133,593,750 | AIFP |
Dividend - Cumulative
|
| 08/15/2011 | Dividend | $133,593,750 | AIFP |
Dividend - Cumulative
|
| 05/16/2011 | Dividend | $133,593,750 | AIFP |
Dividend - Cumulative
|
| 03/07/2011 | Dividend | $3,611,563 | AIFP |
Dividend - Cumulative
|
| 03/02/2011 | Refund | $2,667,000,000 | AIFP |
Partial Repayment
|
| 03/01/2011 | Dividend | $8,297,333 | AIFP |
Dividend - Cumulative
|
| 02/15/2011 | Dividend | $133,593,750 | AIFP |
Dividend - Cumulative
|
| 02/15/2011 | Dividend | $53,340,000 | AIFP |
Dividend - Cumulative
|
| 12/30/2010 | Dividend | $61,875,000 | AIFP |
Dividend - Cumulative
|
| 11/15/2010 | Dividend | $53,340,000 | AIFP |
Dividend - Cumulative
|
| 11/15/2010 | Dividend | $257,343,750 | AIFP |
Dividend - Cumulative
|
| 08/16/2010 | Dividend | $257,343,750 | AIFP |
Dividends payment
|
| 08/16/2010 | Dividend | $53,340,000 | AIFP |
Dividends payment
|
| 05/17/2010 | Dividend | $53,340,000 | AIFP |
Dividends payment
|
| 05/17/2010 | Dividend | $257,343,750 | AIFP |
Dividends payment
|
| 02/16/2010 | Dividend | $128,671,875 | AIFP |
Dividends payment
|
| 02/16/2010 | Dividend | $26,670,000 | AIFP |
Dividends payment
|
| 12/30/2009 | Purchase | $1,250,000,000 | AIFP |
Mandatory Convertible Preferred Stock
|
| 12/30/2009 | Purchase | $2,540,000,000 | AIFP |
Trust Preferred Securities
|
| 12/30/2009 | Dividend | $141,406,250 | AIFP |
Dividend Payment
|
| 11/16/2009 | Dividend | $282,812,500 | AIFP |
Dividends payment
|
| 08/17/2009 | Dividend | $271,000,000 | AIFP |
Dividends Paid in Aug. 2009
|
| 05/31/2009 | Dividend | $159,611,111 | AIFP |
Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
|
| 05/21/2009 | Purchase | $7,500,000,000 | AIFP |
Preferred Stock w/ Exercised Warrants
|
| 12/29/2008 | Purchase | $5,000,000,000 | AIFP |
Purchase - Preferred Stock w/ Exercised Warrants
|