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Arch Capital Group Ltd | 4.55% Dep Shares Non-Cumul Preferred Shares Series G (ACGLN)
Prospectus excerpt: Arch Capital Group Ltd. is offering 20,000,000 depositary shares (the “Depositary Shares”), each of which represents a 1/1,000th interest in a share of its 4.550% Non-Cumulative Preferred Shares, Series G, $0.01 par value and $25,000 liquidation preference per share (equivalent to $25 liquidation preference per Depositary Share) (the “Series G Preferred Shares”). Each Depositary Share, evidenced by a depositary receipt, entitles the holder, through the depositary, to a proportional fractional interest in all rights and preferences of the Series G Preferred Shares represented thereby (including any dividend, liquidation, redemption and voting rights). Holders of Series G Preferred Shares will be entitled to receive dividend payments only when, as and if declared by our board of directors or a duly authorized committee of the board. Any such dividends will be payable from, and including, the date of original issue on a non-cumulative basis, quarterly in arrears on the last day of March, June, September and December of each year (each, a “dividend payment date”), at an annual rate of 4.550%. If any date on which dividends would otherwise be payable is not a business day, then the dividend payment date will be the next succeeding business day with the same force and effect as if made on the original dividend payment date, and no additional dividends shall accrue on the amount so payable from such date to such next succeeding business day. If declared, the first dividend payment will be September 30, 2021. Distributions will be made in respect of the Depositary Shares if and to the extent dividends are paid on the related Series G Preferred Shares. Full Prospectus PDF », Secondary Prospectus PDF », ACGL Page »
Series: | G | Redeemable?: | Yes | Call Date: | 6/11/2026 | Perpetual?: | Yes | Cumulative?: | No | Shares Offered: | 20,000,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $17.60 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-7.40 (-29.60%) | Annualized Dividend: | 1.1375 | Recent Ex-Date: | 12/13/2024 | Current Yield: | 6.46% | Original Coupon: | 4.55% | Pay Period: | Quarterly | Pay Dates: | 31-Mar, 30-Jun, 30-Sep, 31-Dec | CDx3 Compliance Rating: |
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Arch Capital Group Ltd. is a Bermuda-based company, which provides insurance, reinsurance and mortgage insurance through its subsidiaries. The insurance segment consists of the Co.'s insurance underwriting units, which offer specialty product lines, including construction and national accounts; excess and surplus casualty; professional lines; programs; property, energy, marine and aviation; travel, accident and health; warranty and lenders solutions, and others (consisting of alternative markets, excess workers' compensation and surety business). Preferreds: ACGLP, ARH.PRC, ACGLO, ACGLN Open the ACGL Information Page »
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Name: |
Arch Capital Group Ltd |
Website: |
www.archcapgroup.com |
Sector: |
Insurance Brokers |
Number of ETFs Holding ACGL: |
238 (see which ones) |
Total Market Value Held by ETFs: |
$6,706,547,688.54 |
Total Market Capitalization: |
$34,863,000,000 |
% of Market Cap. Held by ETFs: |
19.24% |
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