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Arch Capital Group logoArch Capital Group ACGL

Arch Capital said the Board of Directors declared dividends on February 23, 2024 on 5.45% depositary shares, each representing a 13,200,000 interest in a non-cumulative Series F preferred share. The total dividend amount is $4,496,250, or $0.340625 per share.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Arch Capital said the Board of Directors declared dividends on February 23, 2024 on 5.45% depositary shares, each representing a 13,200,000 interest in a non-cumulative Series F preferred share. The total dividend amount is $4,496,250, or $0.340625 per share.

  2. The company said the Board declared dividends on February 23, 2024 on 4.55% depositary shares, each representing a 20,000,000 interest in a non-cumulative Series G preferred share. The total dividend amount is $5,687,500, or $0.284375 per share.

  3. The company said the Series F dividend is payable on March 31, 2024 to shareholders of record as of March 15, 2024. The dividend period runs from December 31, 2023 to March 30, 2024, unless the Board or its Executive Committee determines otherwise on or before the effective date.

  4. The company said both the Series F and Series G preferred shares carry a liquidation preference of $25,000 per share, or $25.00 per depositary share. Dividends are paid out of funds lawfully available for the payment of dividends under Bermuda law.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Series F Preferred Share Dividend Declared

Arch Capital said the Board of Directors declared dividends on February 23, 2024 on 5.45% depositary shares, each representing a 13,200,000 interest in a non-cumulative Series F preferred share. The total dividend amount is $4,496,250, or $0.340625 per share.

Source · Based on the filing body and exhibits

Series G Preferred Share Dividend Declared

The company said the Board declared dividends on February 23, 2024 on 4.55% depositary shares, each representing a 20,000,000 interest in a non-cumulative Series G preferred share. The total dividend amount is $5,687,500, or $0.284375 per share.

Source · Based on the filing body and exhibits

Series F Dividend Payment and Record Dates

The company said the Series F dividend is payable on March 31, 2024 to shareholders of record as of March 15, 2024. The dividend period runs from December 31, 2023 to March 30, 2024, unless the Board or its Executive Committee determines otherwise on or before the effective date.

Source · Based on the filing body and exhibits

Preferred Share Liquidation Preference and Dividend Funding

The company said both the Series F and Series G preferred shares carry a liquidation preference of $25,000 per share, or $25.00 per depositary share. Dividends are paid out of funds lawfully available for the payment of dividends under Bermuda law.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.