Summary
Arch Capital Group Ltd. (ACGL) filed an 8-K on November 12, 2013, primarily to report a dividend declaration. The Board of Directors declared dividends on its outstanding 6.75% Non-Cumulative Preferred Shares, Series C. This filing provides key details regarding the dividend payment, including the amount per share, the record date, and the payment date, which are crucial for preferred shareholders to understand their upcoming distributions.
Key Highlights
- 1Declaration of dividend on 6.75% Non-Cumulative Preferred Shares, Series C.
- 2Total dividend declared is $5,484,375.
- 3Dividend amount per share is $0.421875.
- 4The dividend is payable on December 31, 2013.
- 5The record date for dividend entitlement is December 15, 2013.
- 6Dividends are payable out of lawfully available funds under Bermuda law.
Frequently Asked Questions
The main purpose of this 8-K filing is to formally announce the declaration of dividends by Arch Capital Group Ltd.'s Board of Directors on its Series C Preferred Shares.
Shareholders who hold the Series C Preferred Shares as of the close of business on December 15, 2013 (the record date) are eligible to receive the dividend.
The dividend is scheduled to be paid on December 31, 2013, provided that sufficient funds are lawfully available under Bermuda law.
The total dividend declared amounts to $5,484,375 for all outstanding Series C Preferred Shares.