ZURICH--(BUSINESS WIRE)--
The Board of Directors of ACE Limited (NYSE: ACE) today declared a
quarterly dividend equal to $0.65 payable on October 21, 2014, to
shareholders of record at the close of business on September 30, 2014,
subject to a required filing with the Swiss Commercial Register.
Dividend payments will be made in United States dollars (USD) by the
company’s transfer agent.
The company’s par value is currently 26.01 Swiss francs (CHF) per share,
and in connection with the dividend the par value per share will be
reduced on the record date by the CHF equivalent of $0.65 based on the
USD/CHF rate published on September 23, 2014. This will be the second of
four par value reduction installments as approved by the company’s
shareholders on May 15, 2014.
ACE Group is one of the world's largest multiline property and casualty
insurers. With operations in 54 countries, ACE provides commercial and
personal property and casualty insurance, personal accident and
supplemental health insurance, reinsurance and life insurance to a
diverse group of clients. ACE Limited, the parent company of ACE Group,
is listed on the New York Stock Exchange (NYSE: ACE) and is a component
of the S&P 500 index. Additional information can be found at: www.acegroup.com.
Cautionary Statement Regarding
Forward-Looking Statements:
Forward-looking statements made in this press release, such as
statements regarding the dividend payment and record date, reflect the
company’s current views with respect to future events and are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Such statements involve risks and
uncertainties, which may cause actual results to differ materially as
set forth in these statements. For example, the company’s
forward-looking statements about its dividend payment could be affected
by extraordinary currency fluctuations leading to reduction in the USD
value of the dividend pursuant to the dividend cap approved by the
company’s shareholders and described in the company’s proxy statement
dated April 3, 2014; or delay in filing or acceptance of filing of the
necessary amendments to the company’s Articles of Association which
makes the record date official. Readers are cautioned not to
place undue reliance on these forward-looking statements, which speak
only as of the date on which they are made. 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.
Source: ACE Limited