Enhance Financial Services Group Inc. Announces Regular Dividend and Filing of Shelf Registration Statement

Strategic Insights -

Enhance Financial Services Group Inc. has announced a regular dividend of $0.11 per share for holders of record as of March 23, 1998, with a payment date set for March 27, 1998. The company has also filed a shelf registration statement with the Securities and Exchange Commission for up to $100 million of debt and/or equity securities. Enhance Group may issue these securities from time to time, subject to market conditions, providing capital flexibility for further growth. The company expects to use the net proceeds from any offering of securities for general corporate purposes, including additions to working capital, acquisitions, and repurchases of common stock.

Key Takeaways:

  • The dividend of $0.11 per share will be paid to holders of record as of March 23, 1998, with a payment date of March 27, 1998.
  • Enhance Financial Services Group Inc. has filed a shelf registration statement with the Securities and Exchange Commission for up to $100 million of debt and/or equity securities.
  • The company may issue securities through underwriters, dealers, or directly to one or more purchasers, or through agents.
  • The expected use of net proceeds from any offering of securities includes additions to working capital, acquisitions, and repurchases of common stock.
  • A copy of the prospectus and any prospectus supplement relating to a specific offering of debt or equity securities may be obtained from Sheila Brody at Enhance Financial Services Group Inc.

Statistics:

  • Dividend amount: $0.11 per share
  • Payment date: March 27, 1998
  • Record date: March 23, 1998
  • Shelf registration statement amount: up to $100 million of debt and/or equity securities

Sources:

  • Business Wire, "Enhance Financial Services Group Inc. Announces Regular Dividend and Filing of Shelf Registration Statement" (March 13, 1998)