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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 : 9550J
CATCo Reinsurance Opps Fund Ltd
17 April 2020
FOR IMMEDIATE RELEASE
17 April 2020
CATCo Reinsurance Opportunities Fund Ltd. (the "Company")
Net Asset Value and Portfolio Update
To: SFS, London Stock Exchange and Bermuda Stock Exchange
March 2020 Net Asset Values
Markel CATCo Investment Management Ltd., the Company's Investment Manager, announces the unaudited Net Asset Value of the Company's Ordinary Shares and C Shares of $0.2669 and $0.5161 respectively, as at the close of business on 31 March 2020.
Portfolio Update
As announced by the Company on 9 April 2020, the Company will return an aggregate amount of approximately $29.34 million on 20 April 2020 by way of a compulsory partial redemption of approximately 8.94% of the Company's total issued share capital (consisting of 6.51% of the Ordinary Shares currently in issue, and 10.64% of the C Shares).
The Investment Manager advises of a further release of Side Pocket Investment ("SPI") capital of approximately $18.8 million which is expected to be paid to the Company during May 2020, and which the Company intends to use to carry out a second compulsory partial redemption of its issued share capital. The Company will issue further details of the expected timetable for this second compulsory redemption shortly.
The breakdown of the SPI releases is as follows:
Hot Features
Premium
SPI Year Ord Shares % of SPI C Shares % of
SPI
2016 SPI $1,565,000 17.1% - -
----------- --------- ------------ -----
2018 SPI $1,106,000 5.6% $6,142,000 5.6%
----------- --------- ------------ -----
2019 SPI $1,953,000 9.2% $8,053,000 9.2%
----------- --------- ------------ -----
TOTAL $4,624,000 - $14,195,000 -
----------- --------- ------------ -----
This announcement contains Inside Information as defined under the Market Abuse Regulation (EU) No. 596/2014.
For further information:
Markel CATCo Investment Management Ltd. Numis Securities Limited
David Benda / Hugh Jonathan
Judith Wynne Telephone: +44 (0) 20 7260
General Counsel 1000
Telephone: +1 441 493 9005
Email: judith.wynne@markelcatco.com
Mark Way
Chief of Investor Marketing
Telephone: +1 441 493 9001
Email: mark.way@markelcatco.com
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
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(END) Dow Jones Newswires
April 17, 2020 02:00 ET (06:00 GMT)
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