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Stock impact report

Arch Capital Group Ltd. Announces Completion of the Redemption of 5.25% Series E Preferred Shares

Arch Capital Group Ltd. (ACGL) 
Last arch capital group ltd. earnings: 2/11 04:31 pm Check Earnings Report
Company Research Source: Business Wire
PEMBROKE, Bermuda--(BUSINESS WIRE)--Arch Capital Group Ltd. [NASDAQ: ACGL] announced today that it completed the redemption on Sept. 30, 2021 (the “Redemption Date”) of all 18,000 of its outstanding 5.25% Series E Non-Cumulative Preferred Shares (the “Series E Preferred Shares”) represented by 18,000,000 depositary shares, each of which represents a 1/1,000th interest in a Series E Preferred Share (the “Depositary Shares” and together with the Series E Preferred Shares, the “Shares”).All of the Series E Preferred Shares were redeemed at a redemption price equal to $25,000 per Series E Preferred Share (or $25.00 per Depositary Share; the “Redemption Price”). The Redemption Price was paid on the Redemption Date to holders of record of the Shares on the Redemption Date. Record holders of the Shares as of Sept. 15, 2021 were also paid the previously announced dividend for the third quarter of 2021 of $328.125 per Series E Preferred Share (or $0.328125 per Depositary Share) on the Rede Show less Read more
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