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Montpelier Re Announces Quarterly Dividend on Common Shares and Preferred Shares
Hamilton, Bermuda – 15 June, 2011 – The Board of Directors of Montpelier Re Holdings Ltd. (the “Company” or “Montpelier”; Ticker: MRH.BH) has declared a quarterly dividend of $0.10 per Common Share and $0.400608 per 8.875% Non-Cumulative Preferred Share, Series A (“Preferred Shares”). The dividends are payable on or before July 15, 2011 to all of the shareholders of record as of June 30, 2011.
The Company issued $150.0 million of Preferred Shares on May 10, 2011. The Preferred Shares have a liquidation value of $25.00 per share.
The Company, through its operating subsidiaries, is a premier provider of global property and casualty reinsurance and insurance products. Additional information can be found in the Company’s public filings with the Securities and Exchange Commission.
This press release may contain "forward-looking" statements within the meaning of the United States federal securities laws, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, that are not historical facts, including statements about our beliefs and expectations. All forward-looking statements are based upon current plans, estimates and projections. Actual results could differ materially from those projected in any forward-looking statements, as a result of certain risk factors disclosed previously, and from time to time, in the Company’s filings with the United States Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Montpelier Re Holdings Ltd.
Investors:
William Pollett, 441-299-7576
Treasurer & SVP
or
Media:
Jeannine Klein Menzies, 441-299-7570
Corporate Affairs Manager