Enstar Group Limited Announces Quarterly Preference Share Dividends

Rhea-AI Summary

Enstar (Nasdaq: ESGR) has announced cash dividends for its Series D and Series E preference shares, each valued at $0.43750 per depositary share. These dividends are payable on June 1, 2022, to shareholders of record as of May 15, 2022. Both share series carry a fixed-to-floating rate of 7.00% and are non-cumulative. Enstar, a global insurance leader, specializes in innovative capital release solutions and has successfully acquired over 110 companies since its inception in 2001.

Positive

• Dividends of $0.43750 per depositary share for Series D and E preference shares.
• Fixed-to-floating rate of 7.00% enhances shareholder income.

Negative

• None.

HAMILTON, Bermuda, May 06, 2022 (GLOBE NEWSWIRE) -- 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, 2022 to shareholders of record on May 15, 2022.

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, 2022 to shareholders of record on May 15, 2022.

About Enstar

Enstar is a NASDAQ-listed leading global insurance group that offers innovative capital release solutions through its network of group companies in Bermuda, the United States, the United Kingdom, Continental Europe, Australia, and other international locations. A market leader in completing legacy acquisitions, Enstar has acquired over 110 companies and portfolios since its formation in 2001. 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 our Form 10-K for the year ended December 31, 2021 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 Communications
Telephone: +1 (441) 292-3645

FAQ

What is the dividend amount for ESGR preference shares?

The dividend amount for both Series D and Series E preference shares is $0.43750 per depositary share.

When will the dividends for ESGR be paid?

The dividends will be paid on June 1, 2022.

Who qualifies for the ESGR dividend payment?

Shareholders of record on May 15, 2022, will qualify for the dividend payment.

What is the dividend yield for ESGR preference shares?

The dividend yield for both Series D and Series E preference shares is 7.00%.