Aspen Increases Dividend on Ordinary Shares, and Declares Dividend on Perpetual PIERS and Perpetual Preference Shares
Published on Wednesday, 25 April 2012 12:36 Written by TradersHuddle StaffHAMILTON, Bermuda-( Business Wire )-
The Board of Directors of Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) has declared a quarterly cash dividend on Aspen’s ordinary shares of $0.17 per ordinary share. The amount payable has been increased by 13% from Aspen’s previous quarterly cash dividend of $0.15 per ordinary share. The dividend is payable on May 25, 2012 to the holders of record as of the close of trading on May 10, 2012.
Aspen’s Board of Directors also declared a cash dividend on its Perpetual Preferred Income Equity Replacement Securities (“Perpetual PIERS”) of $0.703125 per Perpetual PIERS. The dividend is payable on July 1, 2012 to the holders of record as of the close of business on June 15, 2012.
In addition, Aspen’s Board of Directors declared a dividend on the 7.401% Perpetual Non-Cumulative Preference Shares (“the 7.401% Perpetual Preference Shares”) of $0.462563 per 7.401% Perpetual Preference Share. The dividend is payable on July 1, 2012 to the holders of record as of the close of business on June 15, 2012.
Further, Aspen’s Board of Directors declared a dividend on the 7.250% Perpetual Non-Cumulative Preference Shares (“the 7.250% Perpetual Preference Shares”) of $0.4028 per 7.250% Perpetual Preference Share. The dividend is payable on July 1, 2012 to the holders of record as of the close of business on June 15, 2012.
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 Bermuda, France, Germany, Ireland, Singapore, Switzerland, the United Kingdom and the United States. For the year ended December 31, 2011, Aspen reported $9.5 billion in total assets, $4.5 billion in gross reserves, $3.2 billion in shareholders’ equity and $2.2 billion in gross written premiums. Its operating subsidiaries have been assigned a rating of “A” (“Strong”) by Standard & Poor’s, an “A” (“Excellent”) by A.M. Best and an “A2” (“Good”) by Moody’s Investors Service.
Application of the Safe Harbor of the Private Securities Litigation Reform Act of 1995
This press release may contain written “forward-looking statements” within the meaning of the U.S. federal securities laws. These statements 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, and can be identified by the use of words such as “expect,” “intend,” “plan,” “believe,” “project,” “anticipate,” “seek,” “will,” “estimate,” “may,” “continue,” and similar expressions of a future or forward-looking nature.
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, including changes in market conditions and their impact on our business. For a detailed 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, 2011, filed with the U.S. Securities and Exchange Commission on February 28, 2012. Aspen undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
For further information
Please visit www.aspen.co or contact:
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