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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Catco Reinsurance Opportunities Fund Limited | LSE:CAT | London | Ordinary Share | BMG1961Q3242 | ORD USD0.00013716 (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 24.00 | 13.00 | 35.00 | 24.00 | 24.00 | 24.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Unit Inv Tr, Closed-end Mgmt | 31.88M | 27.12M | 18.1652 | 1.32 | 35.84M |
From Apr 2019 to Apr 2024
TIDMCAT
RNS Number : 4940S
CATCo Reinsurance Opps Fund Ltd
11 March 2019
11 March 2019
CATCo Reinsurance Opportunities Fund Ltd.
(the "Company")
Partial Waiver of Management Fee in respect of Side Pocket Investments
The Board of the Company is pleased to announce its decision to consent to a waiver of 33.3334% (one-third) of the management fee it indirectly pays to Markel CATCo Investment Management Ltd. ("MCIM") in respect of side pocket investments. The reduction resulting from the waiver will have effect from 1 January 2019 until 31 December 2019, but is subject to extension by MCIM and the Markel CATCo Diversified Fund ("Master Fund").
The management fee is payable to MCIM, in its capacity as investment manager of the Master Fund, through which the Company holds its investments. The Company is exposed to side pocket investments by way of its holding of certain classes of share in the Master Fund ("Side Pocket Shares").
James Keyes, Chairman of the Company, commented: "The fee reduction is welcome news for the Company, given the significant proportion of the Company's NAV represented by side pocket investments".
This announcement contains Inside Information as defined under the Market Abuse Regulation (EU) No. 569/2014.
Enquiries:
Markel CATCo Investment Management Ltd. Judith Wynne, General Counsel Mobile: +44 (0) 7986 205364 Telephone: +1 (441) 493 9005 Email: judith.wynne@markelcatco.com Mark Way, Chief of Investor Marketing Mobile: +1 (441) 504 9178 Telephone: +1 (441) 493 9001 Email: mark.way@markelcatco.com Numis Securities Limited David Benda / Hugh Jonathan / Harry Trueman Telephone: +44 (0) 20 7260 1000
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
STRGGUWAWUPBGCG
(END) Dow Jones Newswires
March 11, 2019 11:30 ET (15:30 GMT)
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