SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): November 14, 2021
Enact Holdings, Inc.
(Exact name of registrant as specified in its charter)
|(State or other Jurisdiction of||(Commission||(IRS Employer|
|Incorporation)||File Number)||Identification No.)|
8325 Six Forks Road
Raleigh, North Carolina 27615
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
|Title of each class||Trading Symbol(s)||Name of each exchange on which registered|
|Common stock, par value $0.01 per share||ACT||The Nasdaq Stock Market|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
On November 15, 2021, the Board of Directors of Enact Holdings, Inc. (the "Company") announced a special cash dividend of $200 million, or $1.23 per share, to the Company's shareholders, payable on December 15, 2021, to shareholders of record as of the close of business on November 26, 2021. A copy of the press release announcing the special cash dividend is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
|Item 9.01||Financial Statements and Exhibits.|
The following materials are exhibits to this Current Report on Form 8-K:
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|ENACT HOLDINGS, INC.|
|Dated: November 15, 2021||By:||/s/ Hardin Dean Mitchell|
| || ||Hardin Dean Mitchell|
| || ||Executive Vice President, Chief Financial Officer and Treasurer|
| || (Principal Financial Officer)|
8325 Six Forks Road
Raleigh, NC 27615
FOR IMMEDIATE RELEASE
November 15, 2021
Enact Declares Special Cash Dividend of $1.23 Per Share
RALEIGH, N.C., November 15, 2021 – Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today announced that its Board of Directors declared a special cash dividend of $200 million, or $1.23 per common share, payable on December 15, 2021 to the shareholders of record as of close of business on November 26, 2021.
“Our strong balance sheet and robust cash flows position Enact to pursue a balanced capital allocation strategy that supports our policyholders while allowing us to invest in our business and return capital to shareholders,” said Rohit Gupta, President and CEO of Enact. “Today’s announcement is reflective of the strength of our performance, our confidence in our business, and our commitment to generating shareholder value.”
About Enact Holdings, Inc.
Enact (Nasdaq: ACT), operating principally through its wholly-owned subsidiary Genworth Mortgage Insurance Corp. since 1981, is a leading U.S. private mortgage insurance provider committed to helping more people achieve the dream of homeownership. Building on a deep understanding of lenders' businesses and a legacy of financial strength, we partner with lenders to bring best-in class service, leading underwriting expertise, and extensive risk and capital management to the mortgage process, helping to put more people in homes and keep them there. By empowering customers and their borrowers, Enact seeks to positively impact the lives of those in the communities in which it serves in a sustainable way. Enact is headquartered in Raleigh, North Carolina.
From time to time, Enact releases important information via postings on its website. Accordingly, investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information is found at https://ir.enactmi.com/.