Summary
Arch Capital Group Ltd. (ACGL) filed an 8-K on February 24, 2023, to announce dividend declarations for its Series F and Series G preferred shares. The company's Board of Directors has approved dividends for these non-cumulative preferred share classes, demonstrating a commitment to returning capital to preferred shareholders. These declarations provide clarity on the cash distributions expected by holders of these preferred securities. Investors holding Series F and Series G preferred shares as of March 15, 2023, will receive these dividends on March 31, 2023. This filing is routine for preferred stock issuers and highlights the company's ongoing dividend payment practices.
Key Highlights
- 1Arch Capital Group Ltd. declared dividends for its Series F Non-Cumulative Preferred Shares.
- 2Dividends were also declared for the Series G Non-Cumulative Preferred Shares.
- 3The dividend payment date for both series is scheduled for March 31, 2023.
- 4Record date for dividend entitlement is March 15, 2023, for both Series F and Series G preferred shares.
- 5The Series F dividend rate per depositary share is $0.340625.
- 6The Series G dividend rate per depositary share is $0.284375.
- 7Dividends are payable out of lawfully available funds under Bermuda law.
Frequently Asked Questions
This 8-K filing serves to formally announce that Arch Capital Group Ltd.'s Board of Directors has declared dividends for its Series F and Series G non-cumulative preferred shares.
The dividends for both Series F and Series G preferred shares are payable on March 31, 2023.
Holders of record of the Series F and Series G preferred shares as of March 15, 2023, are eligible to receive these dividends.
For the Series F shares, the dividend is $0.340625 per depositary share. For the Series G shares, the dividend is $0.284375 per depositary share.