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ARCH CAPITAL GROUP LTD. 8-K Report, Corporate Update (Feb 23, 2024)

Reports
Other Events
Filing Date
Filed February 23, 2024
Period End
February 23, 2024
Securities
ACGLACGLNACGLO
In the record · 2016–202610-K1110-Q328-K172

ACGL filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 172 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Nov ’17Nov ’17
  2. Leadership change8-K · Nov ’19Nov ’19
  3. Material agreement8-K · Apr ’22Apr ’22
  4. Material agreement8-K · Jun ’26Jun ’26

01—Abstract

Summary

Summary of the 8-K filed February 23, 2024. Cited figures are marked; the original filing is the authoritative source.

Arch Capital Group Ltd. (ACGL) announced on February 23, 2024, its Board of Directors declared quarterly dividends for its Series F and Series G Non-Cumulative Preferred Shares.

These declarations are routine and signal the company's continued financial stability and commitment to its preferred shareholders. Investors holding these specific preferred shares can expect dividend payments on March 31, 2024, provided they are holders of record as of March 15, 2024. The Series F shares will receive a dividend of $0.340625a per depositary share, representing an annualized rate of 5.45% on a $25.00 liquidation preference.

The Series G shares will receive a dividend of $0.284375b per depositary share, reflecting an annualized rate of 4.55% on the same liquidation preference. These payments are subject to the availability of lawful funds under Bermuda law.

02—Key points

Key Highlights

  1. Arch Capital Group (ACGL) declared quarterly dividends for its Series F and Series G Non-Cumulative Preferred Shares on February 23, 2024.
  2. The dividend for Series F Preferred Shares is $0.340625 per depositary share.
  3. The dividend for Series G Preferred Shares is $0.284375 per depositary share.
  4. Both dividend payments are scheduled to be made on March 31, 2024.
  5. Record date for both dividend payments is March 15, 2024.
  6. Dividends are payable out of lawfully available funds under Bermuda law.
  7. The declared dividends represent the stated rates of 5.45% for Series F and 4.55% for Series G, based on the $25.00 liquidation preference per depositary share.

03—Questions

Frequently Asked Questions

  1. What is the main purpose of this 8-K filing?

    This 8-K filing is primarily to announce the declaration of quarterly dividends on Arch Capital Group's Series F and Series G Non-Cumulative Preferred Shares.

  2. When will the declared dividends be paid?

    The dividends are payable on March 31, 2024.

  3. Who is eligible to receive these dividends?

    Shareholders who are holders of record of the Series F and Series G Preferred Shares as of March 15, 2024, are eligible to receive the dividends.

  4. What are the dividend amounts per share?

    The dividend is $0.340625 per depositary share for Series F Preferred Shares and $0.284375 per depositary share for Series G Preferred Shares.

04—Continue

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