Summary
Arch Capital Group Ltd. (ACGL) filed a Form 8-K on September 10, 2012, to announce the declaration of dividends for its Series C Non-Cumulative Preferred Shares. The Board of Directors declared a dividend of $5,484,375, amounting to $0.421875 per share, for the 13,000,000 outstanding Series C Shares. This dividend covers the period from June 30, 2012, to September 29, 2012, and is payable on September 30, 2012, to shareholders of record as of September 15, 2012. The dividend is payable out of lawfully available funds under Bermuda law. This filing is significant for investors holding ACGL's Series C Preferred Shares as it confirms the distribution of dividends, providing income to these specific shareholders. The declaration adheres to the terms of the preferred shares, which have a liquidation preference of $25.00 per share and a fixed dividend rate of 6.75% annually. Investors should note the record and payment dates to ensure they are eligible to receive this distribution.
Key Highlights
- 1Arch Capital Group Ltd. (ACGL) declared dividends for its Series C Non-Cumulative Preferred Shares.
- 2A total of $5,484,375 in dividends was declared.
- 3The dividend amount per Series C share is $0.421875.
- 4The dividend covers the period from June 30, 2012, to September 29, 2012.
- 5The payment date for the dividend is September 30, 2012.
- 6Shareholders of record as of September 15, 2012, are eligible to receive the dividend.
- 7Dividends are payable out of lawfully available funds under Bermuda law.