This morning, Hartford Financial Services Group, Inc. announced that it has commenced a discretionary equity issuance plan pursuant to which it will offer shares of its common stock from time to time for aggregate sales proceeds of up to $750 million, subject to a maximum issuance of 60,000,000 shares of Common Stock. Hartford intends to use net proceeds of sales under the equity issuance "for general corporate purposes, to strengthen our capital position, and for possible repurchases of debt securities." In addition, the company announced today that Treasury will invest approximately $3.4 billion in the company as part of Treasury's Capital Purchase Program (CPP), subject to completion of documentation with the Treasury. Hartford, along with several other U.S. insurers, received notice of preliminary approval to participate in the CPP on May 14, 2009.