Portfolio Update

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.

 

Judith Wynne

General Counsel

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

Numis Securities Limited

 

David Benda / Hugh Jonathan

Telephone: +44 (0) 20 7260 1000

 

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