CATCo Reinsurance Opps Fund Ltd Possible Capital and Income Distribution (8384U)
December 06 2013 - 2:01AM
UK Regulatory
TIDMCAT
RNS Number : 8384U
CATCo Reinsurance Opps Fund Ltd
06 December 2013
CATCo Reinsurance Opportunities Fund Ltd. ("the Company")
Possible Capital and Income Distribution
To: SFM, London Stock Exchange Date: 6 December 2013
and Bermuda Stock Exchange
In the event that there are no significant insured losses in
respect of the 2013 investment portfolio, the Board of Directors
would like to highlight that they are considering the viability,
and the associated mechanics, for an opportunity for Shareholders
to receive an additional distribution over and above the annual
target dividend equivalent to LIBOR + 5% of net asset value. The
exact nature of any such additional distribution, should it be
made, has not yet been determined but it may take the form of
either an income and/or a capital distribution to existing
Shareholders. The Directors will seek to provide further
information to Shareholders in early January 2014.
For further information, please contact:
Jason Bibb
CATCo Investment Management Ltd
Telephone: +1 (441) 531 2227
Email: jason.bibb@catcoim.com
David Benda / Hugh Jonathan
Numis Securities Limited
Telephone: +44 (0) 20 7260 1000
- ends -
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