Arch Capital Group Ltd. Announces Closing of Exercise of Option for an Additional $30 Million Public Offering of Depositary Shares Representing Series F Preferred Shares
On or after
The offering was led by
The Company also announced today that it had called for redemption on
As previously announced, the Company called for redemption 8,000,000 of its outstanding 6.75% Series C Non-Cumulative Preferred Shares. Those shares will be redeemed on
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which the offer, solicitation or sale is not permitted. The offering is being made pursuant to the Companyās effective shelf registration statement previously filed with the
You may obtain a copy of the final prospectus supplement and accompanying prospectus from the
Cautionary Note Regarding Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. This release or any other written or oral statements made by or on behalf of
Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or their negative or variations or similar terminology. Forward-looking statements involve our current assessment of risks and uncertainties. Actual events and results may differ materially from those expressed or implied in these statements. A non-exclusive list of the important factors that could cause actual results to differ materially from those in such forward-looking statements includes the following: adverseĀ general economic and market conditions;Ā increased competition;Ā pricing and policy term trends;Ā fluctuations in the actions of rating agencies and ourĀ ability to maintain and improve our ratings; investment performance;Ā the loss of key personnel;Ā the adequacy of our loss reserves,Ā severity and/or frequency of losses, greater than expected loss ratios and adverse development on claim and/or claim expense liabilities;Ā greater frequency or severity of unpredictable natural and man-made catastrophic events;Ā the impact of acts of terrorism and acts of war; changes in regulations and/or tax laws in
The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with other cautionary statements that are included herein or elsewhere. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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