8-KOther Events

ARCH CAPITAL GROUP LTD. 8-K Report, Corporate Update (Sep 12, 2011)

Filed September 12, 2011For Securities:ACGLACGLNACGLO

Summary

Arch Capital Group Ltd. (ACGL) filed a Form 8-K on September 12, 2011, to report on dividend declarations for its preferred shares. The company's Board of Directors declared dividends for its 8.00% Non-Cumulative Preferred Shares, Series A, and 7.875% Non-Cumulative Preferred Shares, Series B. These dividends are payable out of lawfully available funds under Bermuda law. Investors should note the specific dividend amounts, rates, and payment dates. The dividends for Series A shares total $4,000,000, with a per-share amount of $0.50, payable on November 15, 2011, to shareholders of record as of November 1, 2011. For Series B shares, the total declared dividends amount to $2,460,938, with a per-share amount of $0.4922, also payable on November 15, 2011, to shareholders of record as of November 1, 2011. The declaration reflects the company's ongoing commitment to its preferred shareholders.

Key Highlights

  • 1Arch Capital Group Ltd. declared dividends on its Series A and Series B preferred shares.
  • 2The Series A preferred shares have an 8.00% fixed dividend rate.
  • 3The Series B preferred shares have a 7.875% fixed dividend rate.
  • 4Total declared dividends for Series A shares are $4,000,000, or $0.50 per share.
  • 5Total declared dividends for Series B shares are $2,460,938, or $0.4922 per share.
  • 6Dividends are payable on November 15, 2011.
  • 7Record date for dividend entitlement is November 1, 2011.

Frequently Asked Questions

The Series A and Series B shares are non-cumulative preferred shares issued by Arch Capital Group Ltd.

The dividends are scheduled to be paid on November 15, 2011.

Shareholders of record as of November 1, 2011, for the respective Series A and Series B preferred shares are eligible to receive the declared dividends.

The dividends are payable out of lawfully available funds for the payment of dividends under Bermuda law, and the Board of Directors or its Executive Committee can determine otherwise on or prior to the applicable effective date.