Summary
Arch Capital Group Ltd. (ACGL) announced on September 24, 2009, that its Board of Directors declared dividends for its outstanding Series A and Series B Non-Cumulative Preferred Shares. This filing is primarily informational, detailing the dividend amounts and payment dates for these preferred stock issuances. Investors holding these specific preferred shares should note the dividend amounts and the record dates for eligibility.
Key Highlights
- 1Arch Capital Group Ltd. declared dividends for its 8.00% Non-Cumulative Preferred Shares, Series A.
- 2The company also declared dividends for its 7.875% Non-Cumulative Preferred Shares, Series B.
- 3Total declared dividend for Series A shares amounts to $4,000,000, with a per-share dividend of $0.50.
- 4Total declared dividend for Series B shares amounts to $2,460,938, with a per-share dividend of $0.4922.
- 5Dividends are payable out of lawfully available funds under Bermuda law.
- 6Payment date for the dividends is November 15, 2009.
- 7Record date for determining dividend eligibility is November 1, 2009.
Frequently Asked Questions
This 8-K filing's primary purpose is to report the declaration of dividends by Arch Capital Group Ltd.'s Board of Directors on its Series A and Series B Non-Cumulative Preferred Shares.
The dividends are declared for the 8,000,000 outstanding shares of 8.00% Non-Cumulative Preferred Shares, Series A, and the 5,000,000 outstanding shares of 7.875% Non-Cumulative Preferred Shares, Series B.
The dividends will be paid on November 15, 2009, to shareholders of record as of November 1, 2009, provided sufficient lawfully available funds exist under Bermuda law.
A total of $4,000,000 in dividends was declared for the Series A preferred shares, and $2,460,938 was declared for the Series B preferred shares.