CATCo Reinsurance Opps Fund Ltd Dividend Declaration (2270V)

TIDMCAT

RNS Number : 2270V

CATCo Reinsurance Opps Fund Ltd

26 January 2017

CATCo Reinsurance Opportunities Fund Ltd. ("the Company")

Declaration of Annual Dividend

 
 To: SFM, London Stock   Date: 26 January 2017 
  Exchange and Bermuda 
  Stock Exchange 
 

At the launch of the Company, the Board of Directors indicated the intention to pay an annual dividend in respect of any Fiscal Year of an amount equal to LIBOR plus 5 per cent of the Net Asset Value as at the end of the relevant Fiscal Year.*

The Board of Directors are declaring annual dividends of $0.07180 in respect of each of the Ordinary Shares and $0.05795 in respect of each of the C Shares for the year to 31 December 2016. The record date for these dividends will be 3 February 2017 and therefore the Ordinary Shares and C Shares will go ex-dividend on 2 February 2017. It is expected that these dividends will be paid to shareholders on 17 February 2017.

* This is a target only and not a profit forecast. There can be no assurance that the Company will make distributions in any Fiscal Year.

-End-

For further information:

Judith Wynne,

Company Secretary and General Counsel

Markel CATCo Investment Management Ltd

Telephone: [phone]

Email: [e-mail]

Mark Way

Chief Operating Officer

Markel CATCo Investment Management Ltd

Telephone: [phone]

Email: [e-mail]

David Benda / Hugh Jonathan

Numis Securities Limited

Telephone: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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January 26, 2017 08:17 ET (13:17 GMT)