8-KOther Events

ARCH CAPITAL GROUP LTD. 8-K Report, Corporate Update (Oct 3, 2017)

Filed October 3, 2017For Securities:ACGLACGLNACGLO

Summary

Arch Capital Group Ltd. (ACGL) announced the declaration of preferred share dividends for its Series F Non-Cumulative Preferred Shares. The company's Board of Directors has approved dividend payments amounting to $1,497,236.11 for the period ending September 29, 2017, and $3,168,569.44 for the period ending December 30, 2017. These dividends are payable on January 2, 2018, to shareholders of record as of December 15, 2017, provided sufficient lawful funds are available under Bermuda law. Investors holding these Series F depositary shares should note the dividend rates per share and the respective record and payment dates. This filing primarily concerns the routine declaration of dividends on preferred stock. It does not indicate any significant operational changes or strategic shifts. Investors should consider these dividend payments as part of the company's capital allocation strategy and its commitment to returning value to preferred shareholders. The company retains the flexibility to alter these declarations if necessary, as stated in the filing.

Key Highlights

  • 1Arch Capital Group Ltd. (ACGL) declared dividends on its 5.45% Non-Cumulative Preferred Shares, Series F.
  • 2Two dividend payments were announced: one for the period ending September 29, 2017 ($1,497,236.11), and another for the period ending December 30, 2017 ($3,168,569.44).
  • 3The Series F shares represent a 1/1000th interest in a share of preferred stock with a $25,000 liquidation preference per share.
  • 4The declared dividends are payable on January 2, 2018.
  • 5The record date for the dividend payment is December 15, 2017.
  • 6Payment is contingent on the availability of lawfully available funds under Bermuda law.
  • 7The Board of Directors retains the ability to determine dividend payments otherwise.

Frequently Asked Questions

This filing discusses dividends for the 5.45% Non-Cumulative Preferred Shares, Series F, which are represented by depositary shares. Each depositary share represents a 1/1000th interest in a Series F preferred share with a $25,000 liquidation preference.

The dividends are scheduled to be paid on January 2, 2018. However, this payment is subject to the availability of lawfully available funds under Bermuda law and any determination made by the Board or its Executive Committee.

Holders of record of the Series F Shares as of December 15, 2017, will be eligible to receive the declared dividends.

Yes, the payment is contingent upon the availability of lawfully available funds for dividend payments under Bermuda law. Additionally, the Board of Directors or its Executive Committee can make alternative determinations regarding the payments.