AI English summary of an SEC filing — figures as filed
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.
Key points
AI summaryArch 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.
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.
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.
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-writtenAnalysis 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.
Loading the filing text…