Company: AHL
Filing Date: 2025-04-29
Form Type: F-1/A
Source: 0001628280-25-020463
Chunk: 132

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-04-29
Form: F-1/A
Chunk 132
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 Shares rank senior to our ordinary shares with respect to the payment of dividends and distributions of assets upon our liquidation, dissolution or winding-up. We have also historically paid dividends on our 5.950% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares (“AHL PRC Shares”); such AHL PRC Shares were redeemed on January 1, 2025 for an aggregate redemption price of $275.0 million.

On February 28, 2025 , the Board declared quarterly dividends in an aggregate amount of $3.5 million , $3.5 million and $5.5 million on our AHL PRD Shares, AHL PRE shares and AHL PRF Shares, respectively, and such dividends are payable on April 1, 2025 .

During the twelve months ended December 31, 2024, we paid aggregate dividends of $26.8 million, $14.1 million and $14.0 million on our AHL PRC Shares, AHL PRD Shares and AHL PRE Shares, respectively. Our AHL PRF Shares, which are represented by AHL PRF Depositary Shares, were issued on November 26, 2024 and dividends on such shares will be payable on a non-cumulative basis only when, as and if declared by the Board quarterly in arrears on January 1, April 1, July 1 and October 1 of each year, commencing on April 1, 2025; no dividends have been paid on such shares through December 31, 2024. During the twelve months ended December 31, 2023, we paid aggregate dividends of $21.7 million, $14.1 million and $14.1 million on our AHL PRC Shares, AHL PRD Shares and AHL PRE Shares, respectively. The terms of our Preference Shares contain restrictions on our ability to pay dividends to holders of our ordinary shares. For a more detailed description of our Preference Shares, see “Description of Share Capital—Outstanding Series of Preference Shares.”

Additionally, in the twelve months ended December 31, 2024, the Company paid ordinary share dividends of $195.0 million to Highlands Bermuda Holdco, Ltd., the holder of all the Company’s ordinary shares prior to the Pre-IPO Transaction. During the twelve months ended December 31, 2023, the Company paid ordinary share dividends of $40.3 million to Highlands Bermuda Holdco, Ltd.

Aspen Holdings is a holding company and, as such, it