Aspen Declares Dividends on Preference Shares
28 February 2020 - 10:00PM
Business Wire
Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) announced
today that the Board of Directors has declared the following
dividends on its Preference Shares:
- Quarterly dividend of $0.3719 per share on its 5.95%
Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares
with a $25 liquidation preference per share (NYSE:AHL PRC);
- Quarterly dividend of $0.3516 per share on its 5.625% Perpetual
Non-Cumulative Preference Shares with a $25 liquidation preference
per share (NYSE:AHL PRD); and
- Quarterly dividend of $351.56 per share on its 5.625% Perpetual
Non-Cumulative Preference Shares with a liquidation preference of
$25,000 per share, represented by depositary shares (NYSE: AHL
PRE), each representing a 1/1000th interest in a share, holders of
which depositary shares will receive $0.35156 per depositary
share.
The above dividends will be payable on April 1, 2020 to holders
of record as of March 15, 2020.
- Ends -
About Aspen Insurance Holdings Limited
Aspen provides reinsurance and insurance coverage to clients in
various domestic and global markets through wholly-owned
subsidiaries and offices in Australia, Bermuda, Canada, Singapore,
Switzerland, the United Arab Emirates, the United Kingdom and the
United States. For the year ended December 31, 2018, Aspen reported
$12.5 billion in total assets, $7.1 billion in gross reserves, $2.7
billion in total shareholders’ equity and $3.4 billion in gross
written premiums. Aspen's operating subsidiaries have been assigned
a rating of “A” by Standard & Poor’s Financial Services LLC
(“S&P”), an “A” (“Excellent”) by A.M. Best Company Inc. (“A.M.
Best”) and an “A2” by Moody’s Investors Service, Inc.
(“Moody’s”).
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains written “forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, that are made pursuant to the “safe harbor” provisions of
The Private Securities Litigation Reform Act of 1995.
Forward-looking statements include all statements that do not
relate solely to historical or current facts. In particular,
statements using the words such as “expect,” “intend,” “plan,”
“believe,” “project,” “anticipate,” “seek,” “will,” “estimate,”
“may,” “likely,” “continue,” “assume,” “objective,” “aim,”
“guidance,” “outlook,” “trends,” “future,” “could,” “would,”
“should,” “target,” “predict,” “potential,” “on track” or their
negatives or variations, and similar terminology and words of
similar import, generally involve future or forward-looking
statements. The inclusion of forward-looking statements in this
press release or any other communication should not be considered
as a representation by Aspen that current plans or expectations
will be achieved. Forward-looking statements speak only as of the
date on which they are made and Aspen undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future developments or otherwise,
except as required by law.
All forward-looking statements rely on a number of assumptions,
estimates and data concerning future results and events and are
subject to a number of uncertainties and other factors, many of
which are outside Aspen’s control that could cause actual results
to differ materially from such statements. For a description of
uncertainties and other factors that could impact the
forward-looking statements in this press release, please see the
“Risk Factors” section in Aspen’s Annual Report on Form 10-K for
the year ended December 31, 2018, as amended by Amendment No. 1 on
Form 10-K/A and Quarterly Report on Form 10-Q for the three months
ended March 31, 2019, each as filed with the U.S. Securities and
Exchange Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20200228005176/en/
Media enquiries to: Peter
Krinks, Senior Group Communications Manager peter.krinks@aspen.co
+44 20 7184 8544
Aspen Insurance (NYSE:AHL)
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