Argo Group Mails Letter to Shareholders Setting the Record Straight on Capital Returns’ Many Naïve and False Claims
Retrieved on:
Tuesday, November 29, 2022
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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.