8-KOther Events

ARCH CAPITAL GROUP LTD. 8-K Report, Corporate Update (Mar 2, 2012)

Filed March 2, 2012For Securities:ACGLACGLNACGLO

Summary

Arch Capital Group Ltd. (ACGL) filed a Form 8-K on March 2, 2012, to report on dividend declarations for its outstanding preferred shares. The Board of Directors declared dividends for the 8.00% Non-Cumulative Preferred Shares, Series A, and the 7.875% Non-Cumulative Preferred Shares, Series B. These dividends are payable out of lawfully available funds under Bermuda law on May 15, 2012, to shareholders of record as of May 1, 2012. For the Series A Preferred Shares, two dividend payments were declared, totaling $0.50 per share, for periods ending March 31, 2012, and May 14, 2012. Similarly, for the Series B Preferred Shares, two dividend payments were declared, totaling $0.4922 per share, covering the same respective periods. This filing provides transparency to investors regarding the company's commitment to distributing returns to its preferred shareholders.

Key Highlights

  • 1Declaration of dividends for Arch Capital Group's Series A and Series B preferred shares.
  • 2Series A Preferred Shares: 8.00% Non-Cumulative, with a total declared dividend of $0.50 per share.
  • 3Series B Preferred Shares: 7.875% Non-Cumulative, with a total declared dividend of approximately $0.4922 per share.
  • 4Dividend payments are scheduled for May 15, 2012.
  • 5Record date for dividend entitlement is May 1, 2012.
  • 6Dividends are declared payable out of lawfully available funds under Bermuda law.
  • 7The filing provides an update on the company's capital return policy to preferred shareholders.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially report the declaration of dividends by the Board of Directors for Arch Capital Group's Series A and Series B preferred shares.

The dividends are payable on May 15, 2012, to shareholders who are holders of record of the respective Series A and Series B shares as of May 1, 2012.

For the Series A Preferred Shares, the total declared dividend is $0.50 per share. For the Series B Preferred Shares, the total declared dividend is $0.4922 per share.

Yes, the dividends are payable out of lawfully available funds for the payment of dividends under Bermuda law and are subject to determination by the Board or the Executive Committee on or prior to the applicable effective date.