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Validus Holdings, Ltd. (“Validus” or the “Company”)
VR announced today
that its Board of Directors has authorized the following capital management
actions:
* A special dividend in the amount of $2.00 per common share and common
share equivalent for which each outstanding warrant is exercisable. The
special dividend is payable in cash on February 26, 2013 to shareholders
and warrant holders of record as of February 19, 2013.
* An increase in the Validus regular quarterly dividend to $0.30 from $0.25
per common share and common share equivalent for which each outstanding
warrant is exercisable. The Board also approved the payment of the regular
quarterly dividend which is payable on March 29, 2013 to shareholders and
warrant holders of record as of March 15, 2013.
* An increase in the Validus common share repurchase authorization to $500.0
million.
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