Summary
Arch Capital Group Ltd. (ACGL) filed a Form 8-K on March 3, 2008, primarily reporting on the declaration of dividends for its Series A and Series B Non-Cumulative Preferred Shares. These dividends are scheduled to be paid on May 15, 2008, to shareholders of record as of May 1, 2008. This filing provides transparency to preferred shareholders regarding their expected dividend payments and the periods covered by these declarations. For investors holding these specific preferred shares, this report confirms the upcoming dividend distributions. The total declared dividends amount to $4,000,000 for the Series A shares and $2,460,938 for the Series B shares, covering two distinct dividend periods for each series. Investors should note the record and payment dates to ensure they are eligible for these payouts.
Key Highlights
- 1Declaration of dividends for 8,000,000 Series A Non-Cumulative Preferred Shares (8.00% rate).
- 2Declaration of dividends for 5,000,000 Series B Non-Cumulative Preferred Shares (7.875% rate).
- 3Total declared dividend for Series A shares is $4,000,000.
- 4Total declared dividend for Series B shares is $2,460,938.
- 5Dividends are payable on May 15, 2008.
- 6Record date for dividend eligibility is May 1, 2008.
- 7Dividends are declared payable out of lawfully available funds under Bermuda law.