Argo Group Mails Letter to Shareholders Setting the Record Straight on Capital Returns’ Many Naïve and False Claims
Over the past year of interactions between Argo and Capital Returns, Capital Returns has only proposed that Argo commence a strategic review process and appoint its nominees to the Board.
- Over the past year of interactions between Argo and Capital Returns, Capital Returns has only proposed that Argo commence a strategic review process and appoint its nominees to the Board.
- Your Board and management team have engaged with Capital Returns multiple times, including in meetings with the Board Chairman.
- As reported in its own filings, Capital Returns has been regularly selling blocks of Argo stock since April 2022.
- Your Board does NOT endorse either of Capital Returns nominees and strongly urges you to disregard any white proxy card you receive from Capital Returns.