REG - CATCo Re-ins Opps Fd - Portfolio Update

CATCo Reinsurance Opportunities FundAnnouncement

27/08/2020 07:00

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RNS Number : 2721X  CATCo Reinsurance Opps Fund Ltd  27 August 2020

FOR IMMEDIATE RELEASE

 

 

27 August 2020

CATCo Reinsurance Opportunities Fund Ltd. (the "Company")

Portfolio Update

 

 

To: SFS, London Stock Exchange and Bermuda Stock Exchange

 

Portfolio Update

The Investment Manager advises of a further release of Side Pocket Investment
("SPI") capital of approximately $25.6 million which is expected to be paid to
the Company during October 2020, and which the Company intends to use to carry
out a fifth compulsory partial redemption of its issued share capital.

 

The breakdown of the payments to the Ordinary Shareholders and C Shareholders
is approximately $5.1 million and approximately $20.5 million respectively.

 

The Company will issue further details of the expected timetable for this
fifth compulsory redemption during September 2020.

 

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

 Judith Wynne                             David Benda / Hugh Jonathan

 General Counsel                          Telephone: +44 (0) 20 7260 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

 

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