Genworth Files Shelf For GE Sale

Genworth Financial, the Richmond, Va.-based insurance holding company whose units include the former GE Mortgage Insurance Co., has filed a shelf registration with the Securities and Exchange Commission.The shelf allows for the future sale of any or all of the 243.2 million shares of Genworth still owned by its former parent, General Electric. GE had announced plans to sell the Genworth stock over the next two years. Right now its stake represents 52% of Genworth's equity. Genworth will not receive any of the proceeds of any prospective GE sale of its stock. Genworth's website is http://www.genworth.com.

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