8-KOther Events

ARCH CAPITAL GROUP LTD. 8-K Report, Corporate Update (Feb 28, 2019)

Filed February 28, 2019For Securities:ACGLACGLNACGLO

Summary

Arch Capital Group Ltd. (ACGL) announced on February 28, 2019, through an 8-K filing, that its Board of Directors has declared dividends for its Series E and Series F Non-Cumulative Preferred Shares. This action is a routine declaration and does not represent a significant change in the company's financial operations but provides important information for preferred shareholders regarding upcoming payouts. Investors in these preferred shares should note the record and payment dates, as well as the specific dividend amounts per share. The Series E preferred shares will receive a dividend of $0.328125 per depositary share, and the Series F preferred shares will receive $0.340625 per depositary share. Both dividends are payable on March 31, 2019, to shareholders of record as of March 15, 2019, subject to the availability of lawfully distributable funds under Bermuda law.

Key Highlights

  • 1Arch Capital Group Ltd. declared dividends for its Series E and Series F Non-Cumulative Preferred Shares on February 27, 2019.
  • 2The dividend for Series E shares is $0.328125 per depositary share.
  • 3The dividend for Series F shares is $0.340625 per depositary share.
  • 4Both dividend payments are scheduled for March 31, 2019.
  • 5Shareholders of record as of March 15, 2019, will be entitled to receive these dividends.
  • 6The dividends are payable out of lawfully available funds under Bermuda law.
  • 7The declaration is a routine event, reflecting the terms of the preferred stock.

Frequently Asked Questions

This 8-K filing's primary purpose is to announce the declaration of dividends by Arch Capital Group Ltd.'s Board of Directors for its Series E and Series F Non-Cumulative Preferred Shares. This is a procedural update for investors in these specific securities.

Shareholders who own Arch Capital Group Ltd.'s Series E or Series F Non-Cumulative Preferred Shares as of the close of business on March 15, 2019 (the record date) will be eligible to receive the declared dividends.

The dividends are scheduled to be paid on March 31, 2019, provided that sufficient lawfully available funds exist under Bermuda law for such payments.

No, the filing explicitly states that these are Non-Cumulative Preferred Shares, Series E and Series F. This means that if the company fails to declare or pay a dividend in any period, that dividend is lost and will not be paid in the future.