Arch Capital Group Ltd. 5.45% Non-Cumulative Preferred Shares, Series F (ACGLO)

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https://www.archgroup.com

Arch Capital Group Ltd. 5.45% Non-Cumulative Preferred Shares, Series F are depositary shares, each representing 1/1,000th interest in a share of the company's non-cumulative preferred stock. These shares offer a fixed 5.45% dividend rate on a $25,000 liquidation preference per full preferred share, paid quarterly if declared by the board, providing investors with a steady income stream from a leading global insurer. Dividends are non-cumulative, meaning missed payments do not accrue, which aligns with the hybrid nature of preferred securities that sit between common equity and debt in the capital structure. The shares are redeemable at the issuer's option, with the initial call date having passed on August 17, 2022, allowing potential early redemption under specified conditions. Issued by Arch Capital Group Ltd., a Bermuda-headquartered firm founded in 1995, these preferred shares support the company's robust operations in property and casualty insurance, reinsurance across casualty, property catastrophe, marine, and aviation lines, and mortgage insurance including U.S. primary coverage and international reinsurance. They play a key role in Arch Capital's capital management, enhancing financial flexibility while appealing to income-oriented investors seeking priority over common shareholders in dividend distributions and liquidation proceeds.