8-K/AOther Events

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

Filed November 4, 2016For Securities:ACGLACGLNACGLO

Summary

Arch Capital Group Ltd. (ACGL) announced on November 3, 2016, through its Board of Directors, the declaration of preferred share dividends for its Series C and Series E preferred shares. These declarations represent routine dividend payments, informing investors of the distribution schedule and amounts. For the 6.75% Non-Cumulative Preferred Shares, Series C, a dividend of $5,484,375, or $0.421875 per share, was declared, payable on December 31, 2016. For the 5.25% Non-Cumulative Preferred Shares, Series E, a dividend of $6,168,750, or $0.34271 per depositary share, was declared, payable on January 3, 2017. These dividends are subject to the availability of lawfully distributable funds under Bermuda law and record dates have been set for December 15, 2016.

Key Highlights

  • 1Arch Capital Group Ltd. declared dividends for its Series C and Series E preferred shares on November 3, 2016.
  • 2The Series C preferred shares dividend is $0.421875 per share, totaling $5,484,375.
  • 3The Series E preferred shares dividend is $0.34271 per depositary share, totaling $6,168,750.
  • 4The dividend for Series C shares is payable on December 31, 2016.
  • 5The dividend for Series E shares is payable on January 3, 2017.
  • 6Record dates for both series of preferred shares are set for December 15, 2016.
  • 7Dividend payments are contingent on lawfully available funds under Bermuda law.

Frequently Asked Questions

For the Series C preferred shares, the total dividend amount declared is $5,484,375. For the Series E preferred shares, the total dividend amount declared is $6,168,750.

The dividends for the Series C preferred shares are payable on December 31, 2016. The dividends for the Series E preferred shares are payable on January 3, 2017.

Holders of record of the Series C and Series E preferred shares as of December 15, 2016, will be eligible to receive these dividends, provided that payments are made out of lawfully available funds.

Yes, the dividend payments are payable out of lawfully available funds for the payment of dividends under Bermuda law. The Board of Directors or its Executive Committee can also determine otherwise on or prior to the applicable effective date.