Montpelier Re Holdings Ltd. (MRH) Declares $0.20 Quarterly Dividend; Announces Preferred Redemption

Montpelier Re Holdings Ltd. (NYSE: MRH) declared a quarterly dividend of $0.20 per share, or $0.8 annualized.

The dividend will be payable on June 29, 2015, to stockholders of record on June 15, 2015, with an ex-dividend date of June 11, 2015.

The annual yield on the dividend is 2.1 percent.

The Board on May 28, 2015 also delivered to the preferred shareholders a notice of redemption (the “Redemption Notice”) calling for redemption on June 29, 2015 (the “Redemption Date”) all 6,000,000 issued and outstanding Preferred Shares (NYSE: MRHPRA, CUSIP No. G621855114), as provided for in the certificate of designation governing the Preferred Shares.

The Preferred Shares will be redeemed at a redemption price of $26.00 per Preferred Share, representing an aggregate amount of $156.0 million, plus all declared and unpaid dividends, if any, to the date of the redemption (the “Redemption Price”). The Redemption Price will not accrue interest from the Redemption Date. On and after the Redemption Date the Preferred Shares will no longer be deemed outstanding and no further dividends will be declared on the Preferred Shares. All of the Preferred Shares are held by Cede & Co. as nominee of The Depositary Trust Company (“DTC”) and are held in book-entry form through DTC. Accordingly, the redemption of the Preferred Shares, including payment of the Redemption Price, will be completed according to DTC’s procedures.

The Redemption Notice specifying the terms, conditions and procedures for the redemption is available by contacting Computershare, the transfer agent for the Preferred Shares, by mail at 250 Royall Street, Canton, MA 02021, attention: Corporate Actions, or by telephone at 1-877-282-1168. Questions regarding the redemption of the Preferred Shares, may be directed to Computershare.

For a dividend history and other dividend-related data on Montpelier Re Holdings Ltd. (MRH) click here.

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