8-KOther Events

ARCH CAPITAL GROUP LTD. 8-K Report, Corporate Update (Mar 2, 2020)

Filed March 2, 2020For Securities:ACGLACGLNACGLO

Summary

Arch Capital Group Ltd. (ACGL) announced via an 8-K filing on March 2, 2020, a routine declaration of dividends for its Series E and Series F Non-Cumulative Preferred Shares. The company's Board of Directors approved these dividends on February 27, 2020. This announcement is primarily informational, confirming the company's commitment to its preferred shareholders by declaring these dividend payments as scheduled. Investors in these preferred share series should note the dividend amounts and payment dates. The dividends for both Series E and Series F will be paid on March 31, 2020, to shareholders of record as of March 15, 2020. The declaration reaffirms the expected yield for these preferred securities, providing clarity on the distribution of profits to this specific class of shareholders.

Key Highlights

  • 1Arch Capital Group Ltd. declared dividends for its Series E and Series F Non-Cumulative Preferred Shares.
  • 2The dividend declaration occurred on February 27, 2020.
  • 3Dividends for Series E Preferred Shares amount to $0.328125 per depositary share.
  • 4Dividends for Series F Preferred Shares amount to $0.340625 per depositary share.
  • 5Both dividend payments are scheduled to be paid on March 31, 2020.
  • 6Shareholders of record as of March 15, 2020, will receive the declared dividends.
  • 7Dividends are payable out of lawfully available funds under Bermuda law.

Frequently Asked Questions

This filing concerns dividends for Arch Capital Group Ltd.'s Series E and Series F Non-Cumulative Preferred Shares. Each preferred share is represented by depositary shares.

The dividends for both Series E and Series F preferred shares are scheduled to be paid on March 31, 2020.

Shareholders who hold the Series E or Series F preferred shares as of the close of business on March 15, 2020, will be the recipients of these declared dividends.

The dividend rate for Series E shares is $0.328125 per depositary share, and for Series F shares, it is $0.340625 per depositary share.