The government has received $25.6 million after selling warrants it held in Illinois-based Wintrust Financial Corp., the latest move to recoup the costs of the $700 billion financial bailout.
The Treasury Department says the warrants sold at an auction for $15.80 per warrant, which give buyers the right to buy common stock at a fixed price. Treasury had set a minimum bid price of $13.50.
The government received the warrants after giving Wintrust $250 million from the bailout fund at the height of the financial crisis. The company paid the bailout back in December.
