Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Bob Glasspiegel - Langen McAlenney.
Bob Glasspiegel - Langen McAlenney
The capital plan, you say you’re going to get to your target of RBC by year end. Can you help us with some of the steps that you envision in the fourth quarter?
Dona Young
Bob, there are a number of steps. Peter alluded to in just a few minutes ago. The steps that we are pursuing to achieve the 375 by year end are steps that are internal steps. So, again, it’s a range of reinsurance, risk repositioning of certain assets in the portfolio and other strategies around product design that will enhance the capital of the company, but we’re referring to internal efforts that are well under way with an expectation that they will be concluded within the next four to six weeks.
Bob Glasspiegel - Langen McAlenney
Okay and the write-off of the securitization that had been there; can we read in that that’s no longer in the plans as an option?
Peter Hofmann
Bob, its Peter. The write-off relates to the fact that we were working on a specific structure that in the current market environment is not a tenable structure. That does not mean that we are not looking at options for the closed block.
Bob Glasspiegel - Langen McAlenney
Okay. I have a follow-up, but I’ll come back in the queue to ask you about that.
Operator
Our next question is coming from Jukka Lipponen - KBW.
Jukka Lipponen – KBW
First question, are there any reasons that potentially could prevent you from completing the asset management spend?
Dona Young
Well, the first and really most important requirement at this stage is for the SEC to declare the form 10 effective. We fully expect to conclude the spin by the end of the year. The way you worded your question, no one’s going to say ?there’s absolutely zero probability and I spent too much over my adult life with actual to know there’s always a probability for something happening,? but this is a very good transaction with Paris and Bank of Montreal. We have the operational steps well underway and as I said, really effective tomorrow. Operationally the companies will be separate and we’re ready to go, subject to the SEC declaring it effective and then of course our board has to declare the dividend.
Bob Glasspiegel - Langen McAlenney
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