Maiden Holdings Announces Dividends on Common Shares and Preference Shares
August 09 2018 - 8:00AM
Maiden Holdings, Ltd. (NASDAQ: MHLD) today announced that the
Company’s Board of Directors approved a quarterly cash dividend of
$.05 per share of common stock payable on October 15, 2018 to
shareholders of record as of October 1, 2018.
Maiden’s Board of Directors also approved the
following cash dividends on its preference shares that are payable
on September 17, 2018 to shareholders of record as of September 1,
2018:
- Series A 8.250% Non-Cumulative Preference Shares of $0.515625
per Preference Share
- Series C 7.125% Non-Cumulative Preference Shares of $0.445313
per Preference Share
- Series D 6.700% Non-Cumulative Preference Shares of $0.418750
per Preference Share
As regards the Company’s reduction in its common
stock dividend, the Company’s Board determined that this
distribution should be commensurate with the current earnings power
of the business and as the Company continues to undertake and
implement its strategic review, it expects to revisit the common
stock dividend in the context of the steps taken to increase
shareholder
value. About
Maiden Holdings, Ltd.Maiden Holdings, Ltd. is a
Bermuda-based holding company formed in 2007. Through its
subsidiaries, which are each A- rated (excellent) by A.M. Best, the
Company is focused on providing non-catastrophic, customized
reinsurance products and services to small and mid-size insurance
companies in the United States and Europe. As of June 30, 2018,
Maiden had $6.7 billion in assets and shareholders' equity of $1.1
billion.
CONTACT:Bill Horning, Senior Vice President,
Investor RelationsMaiden Holdings, Ltd.Phone: 856.359.2532E-mail:
bhorning@maiden.bm
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