ACGL » Topics » Parity Shares

This excerpt taken from the ACGL 8-K filed May 24, 2006.
Parity Shares” means the Series B Non-Cumulative Preferred Shares and any other class or series of shares of the Company that ranks equally with the Series B Non-Cumulative Preferred Shares with respect to both (a) the payment of dividends (whether such dividends are cumulative or non-cumulative) and (b) the distribution of assets upon a liquidation, dissolution or winding-up of the Company. As of the date hereof, the Company’s 8.00% Non-Cumulative Preferred Shares, Series A, U.S.$0.01 par value per share, U.S.$25.00 liquidation preference per share, comprise the only class of the Company’s shares that qualify as Parity Shares.

This excerpt taken from the ACGL 8-K filed Feb 2, 2006.
Parity Shares” means the Series A Non-Cumulative Preferred Shares and any other class or series of shares of the Company that ranks equally with the Series A Non-Cumulative Preferred Shares with respect to both (a) the payment of dividends (whether such dividends are cumulative or non-cumulative) and (b) the distribution of assets upon a liquidation, dissolution or winding-up of the Company.

 

EXCERPTS ON THIS PAGE:

8-K
May 24, 2006
8-K
Feb 2, 2006

"Parity Shares" elsewhere:

White Mountains Insurance Group (WTM)
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