Enstar Group Limited Announces Quarterly Preference Share Dividends
August 05 2020 - 4:15PM
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 September 1, 2020 to shareholders of record on August 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 September 1, 2020 to
shareholders of record on August 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 over 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, including the ongoing COVID-19 pandemic and the
related uncertainty and volatility in the financial markets.
Important risk factors regarding Enstar can be found under the
heading "Risk Factors" in our Form 10-K for the year ended December
31, 2019 and in our Form 10-Q for the three months ended March 31,
2020 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: Enstar
CommunicationsTelephone: +1 (441) 292-3645
Enstar (NASDAQ:ESGR)
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