Summary
Arch Capital Group Ltd. (ACGL) announced on April 18, 2006, a significant development for its investors concerning its preferred stock. The company's 8.00% Non-Cumulative Preferred Shares, Series A, which were initially issued on February 1, 2006, have received approval for listing on the New York Stock Exchange (NYSE). This listing on the NYSE, under the ticker symbol "ARHPRA," represents an important step for the Series A Preferred Shares, potentially enhancing their liquidity and visibility within the broader investment market. Investors holding or considering these preferred shares can now look forward to trading on a major exchange. The company's common shares will continue to trade on the NASDAQ National Market under the existing symbol "ACGL."
Key Highlights
- 1Arch Capital Group Ltd.'s 8.00% Non-Cumulative Preferred Shares, Series A, approved for listing on the NYSE.
- 2The Series A Preferred Shares will trade under the ticker symbol "ARHPRA" on the NYSE.
- 3The initial issuance of the Series A Preferred Shares occurred on February 1, 2006.
- 4The company's common shares will continue to be listed on the NASDAQ National Market under the symbol "ACGL."
- 5This announcement is made under Regulation FD Disclosure.