Summary
Arch Capital Group Ltd. (ACGL) announced on November 5, 2015, that its Board of Directors declared dividends for its 6.75% Non-Cumulative Preferred Shares, Series C. This filing specifically details the dividend payment for the Series C Preferred Shares, which are subject to a liquidation preference of $25.00 per share. Investors holding these preferred shares should note the specifics of the dividend declaration and payment dates. The dividend declared is $0.421875 per share, totaling $5,484,375 for the 13,000,000 outstanding Series C shares. This dividend covers the period from September 30, 2015, to December 30, 2015, and will be paid on December 31, 2015, to shareholders of record as of December 15, 2015. The declaration is payable out of lawfully available funds under Bermuda law, and the Board retains the discretion to alter these terms.
Key Highlights
- 1Declaration of dividend for 6.75% Non-Cumulative Preferred Shares, Series C.
- 2Dividend amount declared is $0.421875 per share.
- 3Total dividend payout for Series C Preferred Shares is $5,484,375.
- 4Dividend covers the period from September 30, 2015, to December 30, 2015.
- 5Payment date for the dividend is December 31, 2015.
- 6Record date for dividend eligibility is December 15, 2015.
- 7Dividends are payable out of lawfully available funds under Bermuda law.