REG - CATCo Re-ins Opps Fd - Dividend Declaration

CATCo Reinsurance Opportunities FundAnnouncement

31/01/2019 13:55

RNS Number : 7186O
CATCo Reinsurance Opps Fund Ltd
31 January 2019
 


 
 
 
CATCo Reinsurance Opportunities Fund Ltd. ("the Company")
 
Declaration of Annual Dividend
 
 



To: SFM, London Stock Exchange and Bermuda Stock Exchange


Date: 31 January 2019



 
At the launch of the Company, the Board of Directors indicated the intention to pay an annual dividend in respect of any Fiscal Year of an amount equal to LIBOR plus 5 per cent of the Net Asset Value as at the end of the relevant Fiscal Year.*
 
The Board of Directors are declaring annual dividends of $0.0265 in respect of each of the Ordinary Shares and $0.0445 in respect of each of the C Shares for the year to 31 December 2018. The record date for these dividends will be 8 February 2019 and therefore the Ordinary Shares and C Shares will go ex-dividend on 7 February 2019. It is expected that these dividends will be paid to shareholders on 25 February 2019.
 
 
* This is a target only and not a profit forecast. There can be no assurance that the Company will make distributions in any Fiscal Year.
 
-End-
 
For further information:
Judith Wynne
General Counsel
Markel CATCo Investment Management Ltd.
Telephone: +1 441 493 9005
Email: judith.wynne@markelcatco.com
 
Mark Way
Chief of Investor Marketing
Markel CATCo Investment Management Ltd.
Telephone: +1 441 493 9001
Email: mark.way@markelcatco.com
 
David Benda / Hugh Jonathan
Numis Securities Limited
Telephone: +44 (0) 20 7260 1000
 




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