American Overseas Group Limited Announces Dividend on its Class B Preference Shares

Rhea-AI Summary

On June 14, 2021, American Overseas Group Limited announced a dividend of $1,569.00 per Class B preference share, payable on June 16, 2021. Shareholders of record as of June 9, 2021 will receive the payment. This declaration reflects the company's ongoing commitment to shareholder returns. AOG operates in the specialty property/casualty insurance sector, providing reinsurance and management services through its subsidiary, American Overseas Reinsurance Company.

Positive

• Declaration of a dividend of $1,569.00 per Class B preference share indicates strong financial health.
• Dividend payment reflects the company's commitment to returning value to shareholders.

Negative

• None.

HAMILTON, Bermuda, June 14, 2021 (GLOBE NEWSWIRE) -- American Overseas Group Limited (BSX:AORE.BH) (Pink Sheets: AOREF.PK) (“AOG” or the “Company”) today announced that the Board of Directors of its operating subsidiary, American Overseas Reinsurance Company Limited (“AORE”), declared a dividend on its Class B preference shares of $1,569.00 per Class B preference share. The dividend will be payable on June 16, 2021 to Class B preference shareholders of record on June 9, 2021.

Information About the Company
American Overseas Group Limited is an insurance holding company incorporated in Bermuda and a tax resident of the United Kingdom.  Its operating subsidiaries provide specialty property/casualty insurance, reinsurance and insurance management services.  More information can be found at www.aoreltd.com

SOURCE: American Overseas Group Limited

Contact:
info@aoreltd.com

FAQ

What is the dividend amount declared by AOREF?

AOREF declared a dividend of $1,569.00 per Class B preference share.

When will the AOREF dividend be paid?

The AOREF dividend will be paid on June 16, 2021.

Who is eligible to receive the AOREF dividend?

Class B preference shareholders of record as of June 9, 2021, are eligible to receive the dividend.