8-KOther Events

ARCH CAPITAL GROUP LTD. 8-K Report, Corporate Update (Nov 7, 2008)

Filed November 7, 2008For Securities:ACGLACGLNACGLO

Summary

Arch Capital Group Ltd. (ACGL) filed an 8-K on November 7, 2008, to report on the declaration of preferred share dividends. The Board of Directors declared dividends for its outstanding Series A and Series B Non-Cumulative Preferred Shares. These dividends are payable out of lawfully available funds under Bermuda law on February 15, 2009, to shareholders of record as of February 1, 2009, unless otherwise determined. This filing provides specific details on the dividend amounts and rates per share for both the Series A and Series B preferred shares, covering two distinct dividend periods. Investors in these preferred securities should note the payment dates and record dates as outlined in the report to ensure they are eligible to receive these declared dividends. The total declared dividends amount to $4,000,000 for Series A and approximately $2,460,938 for Series B.

Key Highlights

  • 1Arch Capital Group Ltd. declared dividends for its 8.00% Non-Cumulative Preferred Shares, Series A, and 7.875% Non-Cumulative Preferred Shares, Series B.
  • 2The total dividend declared for Series A Preferred Shares is $4,000,000.
  • 3The total dividend declared for Series B Preferred Shares is approximately $2,460,938.
  • 4Dividends are payable on February 15, 2009.
  • 5Record date for dividend eligibility is February 1, 2009.
  • 6Dividends are payable out of lawfully available funds under Bermuda law.
  • 7The Board of Directors retains the discretion to alter payment terms on or prior to the effective date.

Frequently Asked Questions

The primary purpose of this 8-K filing is to formally announce and provide details regarding the dividend declarations for Arch Capital Group Ltd.'s Series A and Series B Non-Cumulative Preferred Shares.

The declared dividends are scheduled to be paid on February 15, 2009, provided sufficient lawfully available funds exist and no other determination is made by the Board of Directors or its Executive Committee.

Shareholders of record of the Series A and Series B Non-Cumulative Preferred Shares as of February 1, 2009, are eligible to receive these declared dividends.

The dividends are declared and payable out of lawfully available funds under Bermuda law. The Board of Directors also retains the discretion to determine otherwise on or prior to the applicable effective date, meaning they are not an absolute guarantee if legal or Board-determined circumstances change.