Preferred Stock Channel
Quotes delayed 20 minutes

Email EnvelopeFree ACGLO Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts
Free Preferred Stock Newsletter
Gain access to weekly reports with featured preferred stock screens, new preferred stock offerings, and more.

Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Sunday, December 4, 7:09 PM

Slide #199. Arch Capital Group Ltd. Preferred Stock Offering

Company: Arch Capital Group Ltd. (NASDAQ:ACGLO)
Date announced: 11/29/2017
Shares Offered: 4,000,000
Date of Pricing: 11/29/2017
Price Per Share: $25.16
Preferred Stock Offering Details: Arch Capital Group Ltd. (NASDAQ:ACGL) announced today that it has priced an underwritten public offering of 4,000,000 Depositary Shares, each of which represents a 1/1,000th interest in a 5.45% Non-Cumulative Preferred Share, Series F, of ACGL (the Series F Preferred Shares). The public offering price is $25.16 per Depositary Share for an aggregate public offering price of $100,640,000, including accrued dividends of $0.39 per Depositary Share. This offering is an additional issuance of its Series F Preferred Shares originally issued in August of 2017. The Company intends to use the net proceeds of this offering to redeem all of its issued and outstanding Series C Non-Cumulative Preferred Shares with any remaining amounts to be used for general corporate purposes. The offering is expected to close on December 1, 2017, subject to customary closing conditions. Upon closing, the additional Depositary Shares will be listed on NASDAQ, under the existing symbol "ACGLO."

Arch Capital Group is a holding company. Through its subsidiaries, Co. writes specialty lines property, casualty and mortgage insurance and reinsurance lines. Co.'s insurance group focuses on: construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health; and other. Co.'s reinsurance group focuses on: casualty; marine and aviation; other specialty; property catastrophe; property excluding property catastrophe; and other. Co.'s mortgage group includes direct mortgage insurance, mortgage reinsurance, and various government sponsored enterprise credit risk-sharing products.
Open the ACGLO Page at Preferred Stock Channel »

Name:  Arch Capital Group Ltd
Sector:  Insurance Brokers
Number of ETFs Holding ACGLO:  2 (see which ones)
Total Market Value Held by ETFs:  $5,180,567

Open the ACGLO Page at Preferred Stock Channel (in a new window) »

Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game

Preferred Stock Offerings - Slide 199 of 601 | | Copyright © 2011 - 2022, All Rights Reserved

Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.