Company: MHLA
Filing Date: 2025-03-26
Form Type: DEFM14A
Source: 0001104659-25-028254
Chunk: 111

Company: Maiden Holdings, Ltd.
Filing Date: 2025-03-26
Form: DEFM14A
Chunk 111
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 mail, in person, by telephone and the Internet.

Maiden may also reimburse brokerage houses and other custodians, nominees and fiduciaries for their expenses for forwarding proxy and solicitation materials to the beneficial owners of Maiden shares and in obtaining voting instructions from such beneficial owners.

### Other Business
There are no other matters that the Maiden board intends to present, or has reason to believe others will present, at the Maiden special meeting. If you have returned your signed and completed proxy card and other matters are properly presented for voting at the Maiden special meeting, the proxy committee appointed by the Maiden board (the persons named in your proxy card if you are a shareholder of record) will have the discretion to vote on those matters for you. For additional information on how business can be brought before a meeting, see “Meetings of Members” in Maiden’s bye-laws.

#### Assistance
If you need assistance in completing your proxy card or have questions regarding the Maiden special meeting, please contact Innisfree M&A Incorporated, the proxy solicitation agent for Maiden, by telephone at (877) 750-0502 (toll-free from the U.S. and Canada) or +1 (412) 232-3651 (from other locations).

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TABLE OF CONTENTS

### THE TRANSACTION

### Background of the Transaction
The Maiden board and Maiden management regularly evaluate industry conditions and Maiden’s operations, financial performance and long-term strategic goals. As part of this ongoing evaluation, the Maiden board and Maiden management consider potential opportunities to enhance shareholder value through business combination transactions and other strategic alternatives. In particular, the Maiden board has been focused on the fact that Maiden did not presently have an active operating business.

More specifically, the Maiden board had identified the benefits to Maiden of transitioning from a balance sheet business toward a fee-based business model focused on insurance businesses, which could also enable it to selectively underwrite business to optimize shareholders’ returns. The Maiden board believed a fee-based model would enable Maiden to generate more predictable streams of income.

In early 2024, Maiden was evaluating the potential acquisition of one or more MGAs, that were fee-based businesses. The Maiden board recognized that multiple acquisitions would be required to achieve sufficient operating scale and, therefore, could increase the complexity and execution risk relative to a single larger transaction. In the course of exploring a potential acquisition of one or more MGAs as well as exploring other insurance-focused fee-based businesses, Barry Zyskind, Chairman of the Maiden board, advised