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| ACGL > SEC Filings for ACGL > Form 8-K on 6-Nov-2009 | All Recent SEC Filings |
6-Nov-2009
Regulation FD Disclosure, Other Events, Financial Statements and Exhibits
On November 6, 2009, Arch Capital Group Ltd. ("ACGL") issued a press release announcing that its Board of Directors (the "Board") approved an additional share repurchase authorization (the "Additional Repurchase Authorization"). A copy of this press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
The information in this Current Report on Form 8-K, including the information
set forth in Exhibit 99.1, shall not be deemed "filed" for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), or incorporated by reference in any filing under the Securities Act of
1933, as amended, or the Exchange Act, except as shall be expressly set forth by
specific reference in such a filing.
Preferred Share Dividends. On November 5, 2009, the Board declared dividends with respect to the outstanding (1) 8,000,000 shares of its 8.00% Non-Cumulative Preferred Shares, Series A, $0.01 per share (the "Series A Shares"), with a liquidation preference of $25.00 per share, and (2) 5,000,000 shares of its 7.875% Non-Cumulative Preferred Shares, Series B, $0.01 per share (the "Series B Shares"), with a liquidation preference of $25.00 per share, as outlined below. All such dividends will be payable out of lawfully available funds for the payment of dividends under Bermuda law on February 15, 2010 to holders of record of the Series A Shares and the Series B Shares, as applicable, as of February 1, 2010, unless determined otherwise by the Board or the Executive Committee of the Board on or prior to the applicable effective date.
Effective Date
Series for Declaration Dividend Period Dividend Amount Rate Per Share
Series A 12/31/09 11/15/09-12/31/09 $ 2,044,444 $ 0.2556
2/14/10 1/1/10-2/14/10 1,955,556 0.2444
$ 4,000,000 $ 0.50
Series B 12/31/09 11/15/09-12/31/09 $ 1,257,813 $ 0.2516
2/14/10 1/1/10-2/14/10 1,203,125 0.2406
$ 2,460,938 $ 0.4922
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EXHIBIT NO. DESCRIPTION
99.1 Press Release dated November 6, 2009 announcing Arch Capital Group
Ltd.'s Additional Repurchase Authorization.
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