CATCo Reinsurance Opps Fund Ltd Net Asset Value(s) and Portfolio Update (2491W)
August 17 2020 - 2:00AM
UK Regulatory
TIDMCAT
RNS Number : 2491W
CATCo Reinsurance Opps Fund Ltd
17 August 2020
FOR IMMEDIATE RELEASE
17 August 2020
CATCo Reinsurance Opportunities Fund Ltd. (the "Company")
Net Asset Value and Portfolio Update
To: SFS, London Stock Exchange and Bermuda Stock Exchange
July 2020 Net Asset Values
Markel CATCo Investment Management Ltd., the Company's
Investment Manager, announces the unaudited Net Asset Value of the
Company's Ordinary Shares and C Shares of $0.2658 and $0.5137
respectively, as at the close of business on 31 July 2020.
Portfolio Update
The Investment Manager advises of a further release of Side
Pocket Investment ("SPI") capital of approximately $37.9 million
which is expected to be paid to the Company during September 2020,
and which the Company intends to use to carry out a fourth
compulsory partial redemption of its issued share capital. The
Company will issue further details of the expected timetable for
this fourth compulsory redemption shortly.
The breakdown of the aforementioned SPI releases is as
follows:
SPI Year Ord Shares % of SPI C Shares % of SPI
2018 SPI $1,330,000 7.3% $7,390,000 7.3%
----------- --------- ------------ ---------
2019 SPI $5,670,000 33.3% $23,510,000 33.5%
----------- --------- ------------ ---------
TOTAL $7,000,000 - $30,900,000 -
----------- --------- ------------ ---------
This announcement contains Inside Information as defined under
the Market Abuse Regulation (EU) No. 596/2014.
For further information:
Markel CATCo Investment Management Ltd. Numis Securities Limited
David Benda / Hugh Jonathan
Judith Wynne Telephone: +44 (0) 20 7260
General Counsel 1000
Telephone: +1 441 493 9005
Email: judith.wynne@markelcatco.com
Mark Way
Chief of Investor Marketing
Telephone: +1 441 493 9001
Email: mark.way@markelcatco.com
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contact rns@lseg.com or visit www.rns.com.
END
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