Enstar Group Limited Announces Quarterly Preference Share Dividends
May 05 2020 - 4:48PM
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) will be payable
on June 1, 2020 to shareholders of record on May 15, 2020.
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) will be payable on June 1, 2020 to shareholders
of record on May 15, 2020.
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 approximately 100 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. In particular, the evolving COVID-19 pandemic
has caused significant economic and financial turmoil globally, as
well as uncertainty in the financial markets, which has caused
declines in the market value of our invested assets. Due to the
global uncertainty, we are unable to predict the longer-term
effects of the pandemic on our business at this time. 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,
2019 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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