Item 8.01 Other Events.
The Company today announced it has filed a shelf registration statement on Form S-3 with the United States Securities and Exchange Commission (the "SEC"). This registration statement, when declared effective by the SEC, will allow the Company to issue and sell up to a total of $850 million of common stock, preferred stock, debt and other types of securities.
The Company has no current plans to offer or sell any of the securities covered by the registration statement and disclosed in its Annual Report on Form 10-K filed two days ago that it has not pursued raising capital from private sources. Because of the decline in its market capitalization, the Company cannot file a shelf registration statement that permits it to sell securities immediately after the statement is filed. The current shelf is subject to SEC review and was filed at this time so that once any SEC review process is completed the Company would be in a position to access the market promptly if the Company's plans change.
The registration statement on Form S-3 filed with the SEC has not yet become effective. Securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
A copy of the prospectus included in the registration statement may be obtained at the SEC's website at www.sec.gov, and on the Company's website at http://mtg.mgic.com by clicking on "Investor Information" and then "SEC Filings." In addition, the Company will file a prospectus supplement with the SEC in connection with any future offering under the shelf registration statement.
The Company also announced that it has posted, on its website, the 2008 Annual Statement of Mortgage Guaranty Insurance Corporation, the Company's principal mortgage insurance subsidiary. This statutory statement can be found at http://mtg.mgic.com by clicking on "Investor Information" and then "Statutory Filings."

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