CATCo Reinsurance Opps Fund Ltd Issue of Equity (5922Z)
September 21 2015 - 2:00AM
UK Regulatory
TIDMCAT
RNS Number : 5922Z
CATCo Reinsurance Opps Fund Ltd
21 September 2015
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE
REPUBLIC OF IRELAND, JAPAN OR ANY JURISDICTION IN WHICH THE SAME
WOULD BE UNLAWFUL.
This announcement does not constitute or form part of, and
should not be construed as, any offer for sale or subscription of,
or solicitation of any offer to buy or subscribe for, any shares in
CATCo Reinsurance Opportunities Fund Ltd. or securities in any
other entity, in any jurisdiction, including the United States, nor
shall it, or any part of it, or the fact of its distribution, form
the basis of, or be relied on in connection with, any contract or
investment decision whatsoever, in any jurisdiction. This
announcement does not constitute a recommendation regarding any
securities.
CATCo Reinsurance Opportunities Fund Ltd.
21 September 2015
CATCo Reinsurance Opportunities Fund Ltd. (the "Company")
Potential Equity Issue
The Company today announces that the Board and the Company's
investment manager, CATCo Investment Management Ltd. (the
"Manager") believe that the Company is appropriately positioned to
continue to deliver attractive returns through its focused
strategy. As a result of consultations with certain existing
Shareholders, it is considering fundraising options for investment
into the January 2016 portfolio.
Following recent meetings held by the Manager with a number of
existing and potentially new clients of CATCo-Re Ltd. (the
"Reinsurer") (through which the Company indirectly invests in fully
collateralised reinsurance contracts), interest levels in the
Reinsurer's retrocessional protections have been seen to be much
greater than that experienced in prior years.
A further announcement will be made in due course.
For further information, please contact:
CATCo Investment Management Ltd.
Judith Wynne, General Counsel
Mobile: +44 7986 205364
Telephone: +1 441 493 9005
Email: judith.wynne@catcoim.com
Mark Way, Investor Relations Director
Mobile: +44 7786 116991
Telephone: +1 441 293 0050
Email: mark.way@catcoim.com
Numis Securities Limited
David Benda / Hugh Jonathan
Telephone: +44 (0) 20 7260 1000
This information is provided by RNS
The company news service from the London Stock Exchange
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