Ameriprise 2006 Annual Report Download - page 49

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Total loan funding commitments were $617 million at
December 31, 2006.
For additional information relating to these contractual
commitments, see Note 24 to our Consolidated Financial
Statements.
Off-Balance Sheet Arrangements
During the year ended December 31, 2006, we closed on three
structured investments that we manage. The structures
currently have approximately $1.6 billion issued but can
increase to approximately $1.8 billion when fully subscribed. As
a condition to managing these investments, we were required
to invest approximately $5 million in the residual or “equity”
tranche of each facility, which is the most subordinated tranche
of securities issued by the structured investment entities. As
an investor in the residual tranche, our return correlates to the
performance of the portfolio of high-yield investments compris-
ing the structured investments. Our exposure as an investor is
limited solely to our aggregate investment in these facilities
and we have no obligation, contingent or otherwise, that could
require any further funding of the investments. The structured
investments are considered variable interest entities but are not
consolidated as we are not considered the primary beneficiary.
Recent Developments
We are assessing a comment from the Minnesota Department
of Commerce related to disability income insurance received as
part of its routine financial examination of RiverSource Life for
each of the five years in the period ended December 31, 2005.
Our management does not believe that there will be a material
adverse effect on consolidated results of operations and financial
condition upon resolution of this comment.
47
Ameriprise Financial, Inc. 2006 Annual Report