Net Asset Value(s) and Issuance of Shares

RNS Number : 2087F

CATCo Reinsurance Opps Fund Ltd

16 May 2017

 

FOR IMMEDIATE RELEASE

16 May 2017

To: SFM, London Stock Exchange and Bermuda Stock Exchange

 

NET ASSET VALUE

Markel CATCo Investment Management Ltd., as Investment Manager, announces the unaudited net asset value of the Company's Ordinary Shares and C Shares of $1.2636 and $1.0211 respectively, as at the close of business on 30 April 2017.

The NAV is inclusive of an attritional loss reserve of approximately 15bps per month (year-to-date: 60bps).

Further to the announcement on Monday 15th May 2017 detailing the issuance of shares, the issuance price as previously stated will be a 2% premium to the NAV announced today of $1.2636, giving an issuance price of $1.2889.

For further information:
Markel CATCo Investment Management Ltd. Judith Wynne General Counsel Telephone: [phone] Email: [e-mail] Mark Way Chief Operating Officer Telephone: [phone] Email: http://[e-mail]	Numis Securities Limited David Benda / Hugh Jonathan Telephone: [phone]

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