ACE Limited Shareholders Approve 6.5%
Increase in Quarterly Dividend; All Other
Shareholder Proposals Approved; Board Declares
Record Date for First Dividend Installment
May 19, 2010 01:12 PM Eastern Daylight Time
ZURICH--(EON: Enhanced Online News)--ACE Limited (NYSE: ACE) announced today that its shareholders
have approved all matters submitted to the ACE Limited 2010 Annual General Meeting, held at the company’s
offices in Zurich, Switzerland, including a 6.5% increase to the company’s quarterly dividend to $1.32 annually
($0.33 per quarter) from $1.24.
The dividend distribution will be in the form of a par value reduction payable in four installments. The amount of each
installment in Swiss francs (CHF) will be adjusted up or down to equal $0.33 near the time of payment, subject to
an aggregate cap for the four installments of CHF 2.16, similar to the par value reduction installments approved by
ACE shareholders in 2009.
In addition, the Board of Directors declared that shareholders of record at the close of business on July 27, 2010,
will be entitled to payment of the first of such installments, subject to a required filing with the Swiss Commercial
Register. Dividend payments will be made in U.S. dollars (USD) on August 17, 2010, by the company’s transfer
agent. The company’s par value is currently CHF 31.55 per share, and in connection with the dividend installment,
the par value per share will be reduced by the CHF equivalent of $0.33 based on the USD/CHF rate published on
July 22, 2010.
Celebrating 25 years of insuring progress, the ACE Group is a global leader in insurance and reinsurance serving a
diverse group of clients. Headed by ACE Limited (NYSE:ACE), the ACE Group conducts its business on a
worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at:
Cautionary Statement Regarding Forward-Looking Statements:
Forward-looking statements made in this press release, such as statements regarding