8-KOther Events

ARCH CAPITAL GROUP LTD. 8-K Report, Corporate Update (Nov 7, 2011)

Filed November 7, 2011For Securities:ACGLACGLNACGLO

Summary

Arch Capital Group Ltd. (ACGL) filed an 8-K report on November 7, 2011, to disclose its Board of Directors' declaration of dividends on its outstanding Series A and Series B Non-Cumulative Preferred Shares. The report details the dividend amounts, payment dates, and record dates for these preferred securities. Specifically, dividends were declared for two separate periods for both Series A and Series B shares, totaling $0.50 per share for Series A and $0.4922 per share for Series B. These dividends are payable on February 15, 2012, to shareholders of record as of February 1, 2012, provided sufficient lawfully available funds exist under Bermuda law. Investors holding these preferred shares can expect these distributions.

Key Highlights

  • 1Arch Capital Group Ltd. (ACGL) announced dividend declarations for its Series A and Series B Non-Cumulative Preferred Shares.
  • 2Series A Preferred Shares will receive a total of $0.50 per share in dividends.
  • 3Series B Preferred Shares will receive a total of $0.4922 per share in dividends.
  • 4Dividends are declared for two distinct periods for each series, with payments to be made on February 15, 2012.
  • 5Shareholders of record as of February 1, 2012, will be eligible to receive these declared dividends.
  • 6The payment of dividends is contingent upon the availability of lawfully distributable funds under Bermuda law.
  • 7The declaration reflects the company's commitment to returning value to its preferred shareholders.

Frequently Asked Questions

The total declared dividend per share for the Series A 8.00% Non-Cumulative Preferred Shares is $0.50, covering two separate dividend periods.

The total declared dividend per share for the Series B 7.875% Non-Cumulative Preferred Shares is $0.4922, covering two separate dividend periods.

The dividends are scheduled to be paid on February 15, 2012.

Shareholders of record of the Series A and Series B Preferred Shares as of February 1, 2012, are eligible to receive these dividends, unless the Board determines otherwise.

Yes, the dividends will be payable out of lawfully available funds for the payment of dividends under Bermuda law, and the Board or its Executive Committee may determine otherwise prior to the effective date.