Dividend Declaration

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: [phone]

Email: [e-mail]

Mark Way

Chief of Investor Marketing

Markel CATCo Investment Management Ltd.

Telephone: [phone]

Email: [e-mail]

David Benda / Hugh Jonathan

Numis Securities Limited

Telephone: [phone]

 

END

 

 

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