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Arch Capital Group Ltd., 8.50% Cumulative Redeemable Preference Shares
Ticker Symbol: WTREP* CUSIP: G94787119 Exchange: NGS
* NOTE: This security is no longer trading as of 7/13/2022
Security has been Called for: Wednesday, July 13, 2022
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July 1, 2021 -- the Company completed the previously announced merger of Merger Sub with and into the Company, whereby the separate corporate existence of Merger Sub ceased and the Company became a wholly-owned subsidiary of Holdco. The merger became effective on July 1, 2021 (the “Effective Time”) pursuant to the Certificate of Merger that was issued by the Registrar of Companies in Bermuda on such date. At the Effective Time, (a) each issued and outstanding common share , par value $0.01 per share ( the “common shares”), of the Company (other than ( i ) shares canceled pursuant to the Merger Agreement and ( ii ) restricted share units canceled and exchanged pursuant to the Merger Agreement) was converted into the right to receive $35.00 per common share in cash, without interest and less any required withholding taxes and ( b) and each issued and outstanding 8½% Cumulative Redeemable Preference Share of the Company (the “ Preference Shares”) remained outstanding as a preference share of the surviving company , with the same dividend and other relative rights, preferences, limitations and restrictions as were provided to the Preference Shares prior to the Effective Time. July 02, 2019 -- Watford Holdings Ltd. (NASDAQ: WTRE) announced today that it intends to redeem 6,919,998 of its 8.5% Cumulative Redeemable Preference Shares (NASDAQ: WTREP)representing 76.34% of its 9,065,200 total issued and outstanding Preference Shares, on August 1, 2019. The Preference Shares called for redemption will be redeemed at a redemption price of $25.00 per Preference Share, plus all declared and unpaid dividends, if any, to, but excluding, the Redemption Date, with accumulation of any undeclared dividends on or after June 30, 2019 June 27, 2019 (GLOBE NEWSWIRE) -- Watford Holdings Ltd. ("Watford" or the "Company") (NASDAQ: WTRE) announced today that its 8½% Cumulative Redeemable Preference Shares, par value $0.01 per share (the "Preference Shares"), have been approved for listing on The Nasdaq Global Select Market (the "Preference Share Listing"). No prospectus was found for this security.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Arch Capital Group Ltd. Formerly, Watford Holdings Ltd, 8.50% Cumulative Redeemable Preference Shares , redeemable at the issuer's option on or after 06/30/2019 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 8.50% per annum ($2.125 per annum or $0.53125 per quarter) will be paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date fixed by the board (NOTE: the ex-dividend date is one business day prior to the record date). From 06/30/2019 dividends will be paid at a floating rate of the Three-Month LIBOR plus 6.6785% per annum.
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Go to Parent Company's Record (ACGL)
Market Value $53.8 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Foreign Address and Phone Numbers |
| Address: Waterloo House, 1st Floor, 100 Pitts Bay Road, Pembroke HM 08, Bermuda. |
| Main Phone Number |
441-278-4124 |
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Inv Rel Phone Number
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441-278-4124 |
| Address and Phone Numbers |
| U.S. Representative |
N.A. |
| Address: |
| Main Phone Number |
Not Available |
| Fax Number |
Not Available |
| Investor Contact
François Morin
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914-872-3616
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| CEO - Marc Grandisson |
CFO - Robert Hawley |
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