8-KOther Events

ARCH CAPITAL GROUP LTD. 8-K Report, Corporate Update (Nov 13, 2023)

Filed November 13, 2023For Securities:ACGLACGLNACGLO

Summary

ARCH CAPITAL GROUP LTD. (ACGL) filed an 8-K on November 13, 2023, to announce the declaration of dividends on its Series F and Series G preferred shares. The Board of Directors approved these dividend payments, which are set to be paid out on December 31, 2023. This action confirms the company's commitment to its preferred shareholders and provides clarity on upcoming distributions. Investors in the Series F Non-Cumulative Preferred Shares will receive a dividend of $0.340625 per depositary share, totaling $4,496,250. For the Series G Non-Cumulative Preferred Shares, the dividend will be $0.284375 per depositary share, amounting to $5,687,500. Both dividend payments are expected to be made from lawfully available funds under Bermuda law, with a record date of December 15, 2023.

Key Highlights

  • 1ACGL declared dividends for its Series F and Series G preferred shares on November 10, 2023.
  • 2The Series F preferred shares (13,200,000 depositary shares) will receive a dividend of $0.340625 per share.
  • 3The Series G preferred shares (20,000,000 depositary shares) will receive a dividend of $0.284375 per share.
  • 4Total dividend payout for Series F is $4,496,250.
  • 5Total dividend payout for Series G is $5,687,500.
  • 6Dividends are payable on December 31, 2023.
  • 7The record date for both series of preferred shares is December 15, 2023.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially announce 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 are scheduled to be paid on December 31, 2023, provided the funds are lawfully available under Bermuda law and the Board does not determine otherwise.

Holders of record of the Series F and Series G preferred shares as of December 15, 2023, will be eligible to receive the declared dividends.

For the Series F Non-Cumulative Preferred Shares, the dividend is $0.340625 per depositary share. For the Series G Non-Cumulative Preferred Shares, the dividend is $0.284375 per depositary share.