Summary
Arch Capital Group Ltd. (ACGL) filed an 8-K on May 30, 2006, to announce a significant development for its Series B Preferred Shares. These shares, which were originally issued on May 24, 2006, have received approval for listing on the New York Stock Exchange (NYSE) under the ticker symbol "ARHPRB". This move signifies increased accessibility and potential liquidity for investors in this specific class of preferred stock, as it transitions from over-the-counter trading or private placement to a major exchange. The company also reaffirmed that its common shares will continue to be traded on the NASDAQ National Market under the existing symbol "ACGL". This distinction is important for investors to note, as it highlights the separate trading venues for the company's different share classes and provides clarity on where to find information and trade each security. The filing is primarily for informational purposes under Regulation FD.
Key Highlights
- 1Arch Capital Group Ltd. announced that its Series B Preferred Shares (originally issued May 24, 2006) have been approved for listing on the New York Stock Exchange.
- 2The ticker symbol for the Series B Preferred Shares on the NYSE will be "ARHPRB".
- 3The company's common shares will continue to be traded on the NASDAQ National Market under the symbol "ACGL".
- 4This filing is made under Regulation FD Disclosure (Item 7.01) to inform the market of the NYSE listing.
- 5The information is not deemed 'filed' for purposes of Section 18 of the Exchange Act unless expressly incorporated by reference into a filing.
- 6This event indicates a positive step for the Series B Preferred Shares in terms of market visibility and accessibility.