8-KOther Events

ARCH CAPITAL GROUP LTD. 8-K Report, Corporate Update (May 5, 2006)

Filed May 5, 2006For Securities:ACGLACGLNACGLO

Summary

Arch Capital Group Ltd. (ACGL) filed an 8-K on May 5, 2006, to report on dividend declarations for its 8.00% Non-Cumulative Preferred Shares, Series A. The company's Board of Directors approved dividends for various periods, totaling approximately $8.62 million to be paid out by May 15, 2006, and an additional $4 million to be paid out by August 15, 2006. These dividends are payable out of lawfully available funds under Bermuda law and are designated for shareholders of record on specific dates in May and August 2006.

Key Highlights

  • 1Arch Capital Group Ltd. (ACGL) declared dividends on its 8.00% Non-Cumulative Preferred Shares, Series A.
  • 2Dividends were declared on February 23, 2006, and May 3, 2006, for the period February 1, 2006, to May 14, 2006.
  • 3An aggregate amount of $4,622,223 was declared for the initial dividend period.
  • 4Additional partial dividends were declared for periods ending June 30, 2006, and August 14, 2006.
  • 5These additional dividends amount to $2,044,444 and $1,955,556, respectively.
  • 6All declared dividends are payable out of lawfully available funds under Bermuda law.
  • 7Payment dates are scheduled for May 15, 2006, and August 15, 2006, with specific record dates established.

Frequently Asked Questions

This Form 8-K filing serves to announce material events concerning Arch Capital Group Ltd. (ACGL), specifically the declaration of dividends on its 8.00% Non-Cumulative Preferred Shares, Series A.

The filing details two main dividend declarations. The first, for the period February 1, 2006, to May 14, 2006, totals $4,622,223 and is payable on May 15, 2006. Subsequent partial dividends totaling $2,044,444 and $1,955,556 are payable on August 15, 2006, for periods ending June 30, 2006, and August 14, 2006, respectively.

The dividends are payable to holders of record of the 8.00% Non-Cumulative Preferred Shares, Series A, as of specific record dates. These dates are May 1, 2006, for the first dividend payment and August 1, 2006, for the subsequent dividend payments.

Yes, the dividends are to be paid out of lawfully available funds for dividend payments under Bermuda law. The payment of the later dividends may also be subject to determination by the Board or the Executive Committee on or prior to their respective effective dates.