Arch Capital Group Ltd. (NASDAQ:ACGL) Files An 8-K Other Events

Arch Capital Group Ltd. (NASDAQ:ACGL) Files An 8-K Other Events
ITEM 8.01 Other Events.

Preferred Share Dividends. On February 28, 2018, the Board declared dividends with respect to the outstanding 18,000,000 depositary shares, each representing a 1/1000th interest in a share of 5.25% Non-Cumulative Preferred Shares, Series E, $0.01 per share (“Series E Shares”), with a $25,000 liquidation preference per share (equivalent to a $25.00 liquidation preference per depositary share), as outlined below. All such dividends will be payable out of lawfully available funds for the payment of dividends under Bermuda law on March 31, 2018 to holders of record of the Series E Shares, as of March 15, 2018, unless determined otherwise by the Board or the Executive Committee of the Board on or prior to the applicable effective date.

Series

Effective Date for Declaration

Dividend Period

Dividend Amount

Rate Per Share

Series E

3/31/18

12/31/17-3/30/18

$5,906,250

$0.328125

In addition, on February 28, 2018, the Board declared dividends with respect to the outstanding 13,200,000 depositary shares, each representing a 1/1000th interest in a share of 5.45% Non-Cumulative Preferred Shares, Series F, $0.01 per share (“Series F Shares”), with a $25,000 liquidation preference per share (equivalent to a $25.00 liquidation preference per depositary share), as outlined below. All such dividends will be payable out of lawfully available funds for the payment of dividends under Bermuda law on March 31, 2018 to holders of record of the Series F Shares, as of March 15, 2018, unless determined otherwise by the Board or the Executive Committee of the Board on or prior to the applicable effective date.

Series

Effective Date for Declaration

Dividend Period

Dividend Amount

Rate Per Share

Series F

3/31/18

12/31/17-3/30/18

$4,496,250

$0.340625


About Arch Capital Group Ltd. (NASDAQ:ACGL)

Arch Capital Group Ltd. writes insurance and reinsurance on worldwide basis. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The Company’s insurance, reinsurance and mortgage segments are underwriting segments. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other, which includes alternative market risks and excess workers’ compensation. The reinsurance segment’s product lines include casualty; marine and aviation; other specialty; property catastrophe; property excluding property catastrophe, and other, which includes life reinsurance and casualty clash businesses. The mortgage segment includes the results of Arch Mortgage Insurance Company (Arch MI U.S.) and Arch Mortgage Insurance Designated Activity Company (Arch MI Europe).

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