Arch Capital to redeem 6.75% series C preferred shares on Jan. 2

By Sarah Lizee

Olympia, Wash., Dec. 1 – Arch Capital Group Ltd. called its outstanding 6.75% series C noncumulative preferred shares for redemption on Jan. 2, 2018, according to a press release.

As previously reported, the company said it will use proceeds from the sale of new 5.45% series F non-cumulative preferred shares to fund the redemption.

The preferred shares will be redeemed at par of $25.00 per share, for a total price of $92,554,825, plus accrued dividends up to but excluding the redemption date.

American Stock Transfer & Trust Co., LLC is the paying agent.

Arch Capital is an insurance, reinsurance and mortgage insurance provider based in Hamilton, Bermuda.

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