Summary
Arch Capital Group Ltd. (ACGL) filed an 8-K on August 28, 2015, to announce a dividend payment for its outstanding 6.75% Non-Cumulative Preferred Shares, Series C. This filing provides important information for holders of these preferred shares regarding the record date and payment date for an upcoming dividend distribution. Investors in the Series C Preferred Shares should take note of these dates to ensure they are eligible for the dividend payment.
Key Highlights
- 1Arch Capital Group Ltd. announced a dividend for its Series C Preferred Shares.
- 2The dividend is for the 6.75% Non-Cumulative Preferred Shares, Series C.
- 3The record date for determining dividend entitlement is September 15, 2015.
- 4The dividend payment date is scheduled for September 30, 2015.
- 5The total dividend payout for the Series C shares is $5,484,375.
- 6The dividend rate per share is $0.421875.
- 7Dividends are payable out of lawfully available funds under Bermuda law.
Frequently Asked Questions
The purpose of this 8-K filing is to formally announce the details of an upcoming dividend payment for Arch Capital Group Ltd.'s Series C Preferred Shares, including the record date and payment date.
Shareholders who hold the 6.75% Non-Cumulative Preferred Shares, Series C, as of the record date of September 15, 2015, will be eligible to receive the dividend.
The dividend amount per share for the Series C Preferred Shares is $0.421875.
The dividend will be paid on September 30, 2015, provided that sufficient funds are lawfully available under Bermuda law.