Summary
Arch Capital Group Ltd. (ACGL) announced on February 25, 2010, through an 8-K filing, the declaration of dividends for its outstanding Series A and Series B Non-Cumulative Preferred Shares. These dividends are payable on May 15, 2010, to shareholders of record as of May 1, 2010, provided that sufficient lawfully available funds exist under Bermuda law. The company has declared two dividend payments for each preferred share series, covering different dividend periods and totaling $4,000,000 for the Series A shares and $2,460,938 for the Series B shares.
Key Highlights
- 1Arch Capital Group Ltd. declared dividends for its Series A and Series B Non-Cumulative Preferred Shares.
- 2The dividend declaration occurred on February 25, 2010.
- 3The total declared dividend for Series A Preferred Shares is $4,000,000.
- 4The total declared dividend for Series B Preferred Shares is $2,460,938.
- 5The dividend payment date is May 15, 2010.
- 6Record date for dividend eligibility is May 1, 2010.
- 7Dividend payments are subject to the availability of lawfully available funds under Bermuda law.
Frequently Asked Questions
This 8-K filing is to inform investors about the declaration of dividends on Arch Capital Group Ltd.'s outstanding Series A and Series B Non-Cumulative Preferred Shares.
The dividends are scheduled to be paid on May 15, 2010, to shareholders who are holders of record as of May 1, 2010.
Yes, the payment of these dividends is contingent upon the availability of lawfully available funds under Bermuda law for the payment of dividends, and unless determined otherwise by the Board or its Executive Committee.
A total of $4,000,000 has been declared for the 8,000,000 shares of Series A Non-Cumulative Preferred Shares, and $2,460,938 has been declared for the 5,000,000 shares of Series B Non-Cumulative Preferred Shares.