8-KOther Events

ARCH CAPITAL GROUP LTD. 8-K Report, Corporate Update (Nov 14, 2006)

Filed November 14, 2006For Securities:ACGLACGLNACGLO

Summary

Arch Capital Group Ltd. (ACGL) filed an 8-K on November 14, 2006, to announce dividend declarations by its Board of Directors. The company declared dividends for its Series A and Series B Non-Cumulative Preferred Shares. These dividends are payable on February 15, 2007, to shareholders of record as of February 1, 2007, and will be paid out of lawfully available funds under Bermuda law. This filing is important for preferred shareholders as it confirms the regular distribution of income from these preferred stock issuances. Investors holding these preferred shares can anticipate receiving their dividend payments as scheduled, provided they meet the record date requirements. The specific amounts and dividend periods are detailed for both Series A and Series B shares, offering clarity on the expected payouts.

Key Highlights

  • 1Arch Capital Group Ltd. (ACGL) declared dividends on its Series A and Series B Non-Cumulative Preferred Shares.
  • 2The dividend declarations were made by the Board of Directors on November 8, 2006.
  • 3Dividends will be paid on February 15, 2007.
  • 4The record date for dividend entitlement is February 1, 2007.
  • 5The dividends are payable out of lawfully available funds under Bermuda law.
  • 6Total declared dividend for Series A shares amounts to $4,000,000.
  • 7Total declared dividend for Series B shares amounts to $2,460,938.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce that the Board of Directors of Arch Capital Group Ltd. has declared dividends on its outstanding Series A and Series B Non-Cumulative Preferred Shares.

The dividends are scheduled to be paid on February 15, 2007.

Shareholders who are of record holders of the Series A and Series B Preferred Shares as of February 1, 2007, are eligible to receive these dividends.

Yes, the dividends will be payable out of lawfully available funds for the payment of dividends under Bermuda law, and the Board of Directors retains the ability to determine otherwise on or prior to the applicable effective date.