Blue Capital Alternative Income Fd 2017 October NAV Announcement (0160X)

TIDMBCAI

RNS Number : 0160X

Blue Capital Alternative Income Fd

20 November 2017

Blue Capital Alternative Income Fund Limited (the "Company") (Ticker: "BCAI")

20 November 2017

Net Asset Value, October2017

As at the close of business on 31 October 2017, the unaudited net asset value of the Company's Ordinary Shares is as follows:

 
               Unaudited NAV        October   Year-to-Date 
              31 October2017    Performance    Performance 
 Ordinary 
  Shares             $0.8030        (0.39%)       (23.99%) 
 

The net asset value of the Company's Ordinary Shares at 31 October 2017 reflects the impact of the three major hurricanes which made landfall in the United States and Puerto Rico in August and September, two earthquakes in Mexico and recent wildfires in California.

The estimates for the Company's incurred losses in 2017, net of reinsurance and reinstatement premiums, have driven the Company's year-to-date performance to (23.99%). The Company's loss estimates have been derived from the utilization of proprietary catastrophe modeling, standard industry models, an in-depth review of in-force contracts and initial indications from clients and brokers. The Company's actual losses may ultimately differ materially from estimated losses due to the nature of the risks assumed, the complexity of the assessment of damages and the limited number of reported claims received to date.

In accordance with the Circular of the Company dated 4 November 2016, the Company's administrator has calculated the estimated Net Asset Value per Redemption Share as at the close of business on 31 October 2017.

 
                  Unaudited NAV 
                31 October 2017 
 Redemption 
  Shares                $1.1414 
 

For more information about the Company, including access to the Company's monthly Fact Sheets, please visit our website at www.bcai.bm.

Enquiries:

 
Blue Capital Management 
 Ltd. 
 Michael J. McGuire                        [phone] 
Email: [e-mail] 
 
Stifel Nicolaus Europe 
 Limited                                   [phone] 
Neil Winward 
Mark Bloomfield 
Tunga Chigovanyika 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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November 20, 2017 10:57 ET (15:57 GMT)