Summary
Arch Capital Group Ltd. (ACGL) filed an 8-K on November 5, 2021, to announce the declaration of preferred share dividends. The Board of Directors approved dividends for both the Series F and Series G Non-Cumulative Preferred Shares. These dividends are scheduled to be paid on December 31, 2021, to shareholders of record as of December 15, 2021, provided sufficient lawfully available funds exist under Bermuda law.
Key Highlights
- 1Declaration of dividends for Arch Capital's Series F Non-Cumulative Preferred Shares.
- 2Declaration of dividends for Arch Capital's Series G Non-Cumulative Preferred Shares.
- 3Series F dividend amount totals $4,496,250, equating to $0.340625 per depositary share.
- 4Series G dividend amount totals $5,687,500, equating to $0.284375 per depositary share.
- 5Both dividend payments are scheduled for December 31, 2021.
- 6Record date for dividend entitlement is December 15, 2021, for both Series F and Series G shares.
- 7Dividend payments are subject to the availability of lawfully available funds under Bermuda law.
Frequently Asked Questions
This 8-K filing announces that Arch Capital Group Ltd.'s Board of Directors has declared dividends on its outstanding Series F and Series G Non-Cumulative Preferred Shares.
The dividends for both Series F and Series G preferred shares are payable on December 31, 2021.
Holders of record of the Series F and Series G preferred shares as of December 15, 2021, are eligible to receive the declared dividends, subject to the availability of funds.
The dividend amount is $0.340625 per depositary share for the Series F Non-Cumulative Preferred Shares and $0.284375 per depositary share for the Series G Non-Cumulative Preferred Shares.