PML Flightlink

Argo Group Mails Letter to Shareholders Setting the Record Straight on Capital Returns’ Many Naïve and False Claims

Retrieved on: 
Tuesday, November 29, 2022

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.

Key Points: 
  • 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.