Argo Corporation Delivers Pivotal Update on Special Stock Dividend Tied to Argo Group Holdings

Argo Corporation (OTC Pink: ARGO) today announced a significant update regarding the special stock dividend connected to its substantial ownership interest in Argo Group International Holdings, Ltd. (NYSE: ARGO). This announcement aims to provide shareholders with crucial clarity and further details on the highly anticipated distribution.The Board of Directors of Argo Corporation has been meticulously working to finalize the specifics of this special dividend, a move designed to directly benefit its valued shareholders.This dividend stems from Argo Corporation's strategic investment in Argo Group, an investment that has generated considerable value.

The distribution underscores Argo Corporation's commitment to unlocking and returning this value to those who have invested in its vision.Key details provided in this update include the affirmation of the record date as of July 26, 2024, and the anticipated distribution date of August 9, 2024.Shareholders of record will receive one share of Argo Group International Holdings, Ltd.

common stock for every 10 shares of Argo Corporation common stock they own. Fractional shares will not be distributed; instead, cash will be paid in lieu of any fractional entitlements based on the closing price of Argo Group International Holdings, Ltd.common stock on the distribution date.A spokesperson for Argo Corporation stated, "We are pleased to provide this comprehensive update on our special stock dividend.

This distribution is a direct reflection of our dedication to maximizing shareholder value and ensuring transparency. We believe this move strategically positions our shareholders to benefit directly from our successful long-term investment in Argo Group International Holdings, Ltd."Argo Corporation continues to focus on its core operations while strategically managing its portfolio to enhance returns for its shareholders.This special stock dividend is a testament to the company's robust financial health and its proactive approach to capital allocation, reinforcing its commitment to creating sustainable value for all stakeholders...