8-KOther Events

ARCH CAPITAL GROUP LTD. 8-K Report, Corporate Update (Nov 4, 2016)

Filed November 4, 2016For Securities:ACGLACGLNACGLO

Summary

Arch Capital Group Ltd. (ACGL) filed a Form 8-K on November 4, 2016, primarily to announce dividend declarations for its Series C and Series E preferred shares. The board of directors approved these dividends, which are payable on December 31, 2016, for Series C and January 3, 2017, for Series E, to shareholders of record as of December 15, 2016. Investors holding these preferred shares can expect to receive their respective dividend payments in the coming months. For the Series C Non-Cumulative Preferred Shares, the declared dividend amounts to $0.421875 per share, totaling $5,484,375. This dividend covers the period from September 30, 2016, to December 30, 2016. For the Series E Non-Cumulative Preferred Shares (represented by depositary shares), the dividend is $0.33906 per depositary share, amounting to $6,168,750, and covers the period from September 29, 2015, to January 2, 2017. These announcements are routine and reflect the company's ongoing commitment to its preferred shareholders.

Key Highlights

  • 1Arch Capital Group Ltd. declared dividends for its Series C and Series E preferred shares on November 3, 2016.
  • 2Series C preferred shares (6.75% Non-Cumulative) will receive a dividend of $0.421875 per share.
  • 3Series E preferred shares (5.25% Non-Cumulative), represented by depositary shares, will receive a dividend of $0.33906 per depositary share.
  • 4The total declared dividend for Series C shares is $5,484,375.
  • 5The total declared dividend for Series E depositary shares is $6,168,750.
  • 6Dividends for Series C are payable on December 31, 2016.
  • 7Dividends for Series E are payable on January 3, 2017.
  • 8Record date for both Series C and Series E dividends is December 15, 2016.

Frequently Asked Questions

The primary purpose of this 8-K filing is to formally announce the declaration of dividends by Arch Capital Group Ltd.'s board of directors for its Series C and Series E preferred shares.

Dividends for the Series C preferred shares are scheduled to be paid on December 31, 2016. Dividends for the Series E preferred shares (via depositary shares) are scheduled to be paid on January 3, 2017.

Shareholders of record for the Series C and Series E preferred shares as of December 15, 2016, will be eligible to receive the declared dividends.

No, this 8-K filing is specifically focused on the declaration of preferred share dividends. There are no other material events or disclosures presented in this particular filing.