8-KOther Events

ARCH CAPITAL GROUP LTD. 8-K Report, Corporate Update (Mar 2, 2018)

Filed March 2, 2018For Securities:ACGLACGLNACGLO

Summary

Arch Capital Group Ltd. (ACGL) announced on March 2, 2018, through an 8-K filing, its declaration of dividends for its Series E and Series F Non-Cumulative Preferred Shares. These dividends are set to be paid on March 31, 2018, to shareholders of record as of March 15, 2018. The declarations reflect the company's ongoing commitment to returning value to its preferred shareholders. For the Series E shares, the dividend amounts to $0.328125 per depositary share, representing an annualized rate of 5.25% on a liquidation preference of $25.00 per depositary share. Similarly, the Series F shares will receive a dividend of $0.340625 per depositary share, corresponding to an annualized rate of 5.45%. These payments are contingent on the availability of lawfully distributable funds under Bermuda law, offering clarity on the company's financial actions regarding its preferred equity.

Key Highlights

  • 1Arch Capital Group Ltd. (ACGL) declared preferred share dividends on February 28, 2018.
  • 2Dividends are for the 5.25% Non-Cumulative Preferred Shares, Series E, and 5.45% Non-Cumulative Preferred Shares, Series F.
  • 3The dividend payment date is March 31, 2018.
  • 4Record date for dividend eligibility is March 15, 2018.
  • 5Series E shares to receive $0.328125 per depositary share.
  • 6Series F shares to receive $0.340625 per depositary share.
  • 7Dividend payments are subject to the availability of lawfully distributable funds under Bermuda law.

Frequently Asked Questions

This filing concerns dividends declared for two series of preferred shares: the 5.25% Non-Cumulative Preferred Shares, Series E, and the 5.45% Non-Cumulative Preferred Shares, Series F. These are represented by depositary shares.

The dividends are scheduled to be paid on March 31, 2018.

Shareholders of record of the Series E and Series F depositary shares as of March 15, 2018, will be eligible to receive the declared dividends.

Yes, the dividend payments are subject to the availability of lawfully distributable funds under Bermuda law and can be determined otherwise by the Board or its Executive Committee on or prior to the effective date.