ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

BCAI Blue Capital

0.7125
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Blue Capital LSE:BCAI London Ordinary Share BMG1189R1043 ORD USD0.00001 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.7125 0.665 0.76 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Blue Capital Alternative Income Fd 2017 September NAV Announcement (0054U)

18/10/2017 5:23pm

UK Regulatory


Blue Capital (LSE:BCAI)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Blue Capital Charts.

TIDMBCAI

RNS Number : 0054U

Blue Capital Alternative Income Fd

18 October 2017

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

18 October 2017

Net Asset Value, September 2017

As at the close of business on 30 September 2017, the unaudited net asset value of the Company's Ordinary Shares is as follows:

 
             Unaudited NAV 
              30 September      September   Year-to-Date 
                      2017    Performance    Performance 
 Ordinary 
  Shares           $0.8227       (26.00%)       (23.69%) 
 

The net asset value of the Company's Ordinary Shares at 30 September 2017 reflects the impact of two major hurricanes which made landfall in September and two earthquakes in Mexico. On 10 September 2017, Hurricane Irma made initial U.S. landfall near the Florida Keys, Florida and on 20 September 2017, Hurricane Maria made landfall in Puerto Rico. Additionally, the Southern Coast of Mexico was impacted by an earthquake on 8 September 2017 while Central Mexico was impacted by an earthquake on 19 September 2017.

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 (23.69%). 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 30 September 2017.

 
               Unaudited NAV 
                30 September 
                        2017 
 Redemption 
  Shares             $1.0837 
 

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                        +1 441 278 0988 
Email: investorrelations@Sompo-Intl.com 
 
Stifel Nicolaus Europe 
 Limited                                   +44 (0)20 7710 7600 
Neil Winward 
Mark Bloomfield 
Tunga Chigovanyika 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

NAVFFUFMAFWSEFS

(END) Dow Jones Newswires

October 18, 2017 12:23 ET (16:23 GMT)

1 Year Blue Capital Chart

1 Year Blue Capital Chart

1 Month Blue Capital Chart

1 Month Blue Capital Chart

Your Recent History

Delayed Upgrade Clock