The Treasury Department said it intends to sell warrants in Hartford Financial Services Group Inc. and Lincoln National Corp. that it got as part of a bailout of the two insurers.
Treasury will auction the warrants over the next several weeks. When the auction is completed, the two insurers will be completely free from the government's Troubled Asset Relief Program, which allowed the Treasury to give cash infusions to financial firms amid the height of the financial crisis in exchange for ownership stakes in the companies.
The Treasury has 52.1 million warrants in Hartford and 13 million in Lincoln.
