Enstar Group Limited Announces Quarterly Preference Share Dividends
November 05 2019 - 04:21PM
Enstar Group Limited (“Enstar”) (Nasdaq: ESGR) today announced that
it will pay cash dividends on its Series D and Series E preference
shares.
Dividends on Enstar’s Series D 7.00%
Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares
of $0.43750 per depositary share (each of which represents a
1/1,000th interest in a Series D Preference Share) with a payment
date of December 1, 2019 will be payable on the next business day
to shareholders of record on November 15, 2019.
Dividends on Enstar’s Series E 7.00% Perpetual
Non-Cumulative Preference Shares of $0.43750 per depositary share
(each of which represents a 1/1,000th interest in a Series E
Preference Share) with a payment date of December 1, 2019 will be
payable on the next business day to shareholders of record on
November 15, 2019.
About Enstar
Enstar is a multi-faceted insurance group that
offers innovative capital release solutions and specialty
underwriting capabilities through its network of group companies in
Bermuda, the United States, the United Kingdom, Continental Europe,
Australia, and other international locations. Enstar is a market
leader in completing legacy acquisitions, having acquired over 95
companies and portfolios since its formation in 2001. Enstar’s
active underwriting businesses include the StarStone group of
companies, an A- rated global specialty insurance group with
multiple global underwriting platforms, and the Atrium group of
companies, which manage and underwrite specialist insurance and
reinsurance business for Lloyd’s Syndicate 609. For further
information about Enstar, see www.enstargroup.com.
Cautionary Statement
This press release contains certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements include statements regarding the intent,
belief or current expectations of Enstar and its management team.
Investors are cautioned that any such forward-looking statements
speak only as of the date they are made, are not guarantees of
future performance and involve risks and uncertainties, and that
actual results may differ materially from those projected in the
forward-looking statements as a result of various factors.
Important risk factors regarding Enstar can be found under the
heading "Risk Factors" in Enstar's Form 10-K for the year ended
December 31, 2018 and are incorporated herein by reference.
Furthermore, Enstar undertakes no obligation to update any written
or oral forward-looking statements or publicly announce any updates
or revisions to any of the forward-looking statements contained
herein, to reflect any change in its expectations with regard
thereto or any change in events, conditions, circumstances or
assumptions underlying such statements, except as required by
law.
Contact: Guy BowkerTelephone:
+1 (441) 292-3645
Enstar (NASDAQ:ESGR)
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