Blue Capital Alternative Income Fd Hurricane Maria (0271S)

TIDMBCAI

RNS Number : 0271S

Blue Capital Alternative Income Fd

28 September 2017

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

28 September 2017

Hurricane Maria

On 20 September 2017, Hurricane Maria made landfall in Puerto Rico as a major hurricane followed by substantial rainfall and flooding. The Investment Manager has now commenced its normal post-event procedures to estimate any loss to the Company from Hurricane Maria. The Investment Manager's loss estimates will be largely derived from the utilization of proprietary catastrophe modeling, standard industry models, an in-depth review of in-force contracts or initial indications from clients and brokers. The actual losses from this event 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. The Investment Manager will continue to monitor this event for potential material impact to the Company.

 
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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September 28, 2017 02:00 ET (06:00 GMT)