ITEM 8.01 Other Events.
On August 30, 2021, Arch Capital Group Ltd. (the "Company") announced that it
has called for redemption on September 30, 2021 (the "Redemption Date"), of all
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"). A copy
of the press release announcing the redemption is attached to this Current
Report on Form 8-K as Exhibit 99.1.
The Series E Preferred Shares will be 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 will be paid on the Redemption Date to
holders of record of the Shares on the Redemption Date. In addition, the record
holders of the Shares as of September 15, 2021, will receive the previously
announced dividend for the third quarter of 2021 of $328.125 per Series E
Preferred Share (or $0.328125 per Depositary Share), which will be paid on the
Redemption Date.
ITEM 9.01 Financial Statements and Exhibits.
(d): The following exhibits are being filed herewith.
EXHIBIT NO. DESCRIPTION
99.1 Press release, dated August 30, 202 1.
2
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