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Blue Capital Global Reinsurance Fund - Dividend Declaration
Hamilton, Bermuda – 09 January, 2014 – Blue Capital Global Reinsurance Fund Limited (the "Company" or "BCGR") has has declared its dividend with scrip alternative in respect of the six months ended 31 December 2013 of US$0.044 per Share (the “2013 Second Half Dividend”).
The dividend timetable will be as follows:
Ex-Dividend date: 15 January 2014
Dividend Record date: 17 January 2014
Last date to make scrip dividend election: 14 February 2014
Payment date/Allotment of scrip dividend shares: 28 February 2014
This payment of the 2013 Second Half Dividend, together with the payment of US$0.019 per Share in 30 August 2013, is consistent with the Company's stated target of an annualised dividend of LIBOR plus 6 per cent. per annum on the original issue price of its Ordinary Shares in December 2012†.
A scrip alternative is being offered with the 2013 Second Half Dividend to those qualifying shareholders who wish to receive dividends from the Company wholly or partly in the form of new Ordinary Shares or new Depositary Interests in lieu of a cash payment. A circular will be sent to qualifying shareholders explaining the terms of the scrip dividend alternative. It is intended that the circular together with scrip election forms will be mailed on or about 29 January 2014 to all qualifying shareholders on the register as at the dividend record date, being 17 January 2014. The scrip dividend elections will need to be received as instructed by 14 February 2014 from those qualifying shareholders who wish to receive Ordinary Shares or Depository Interests representing Ordinary Shares in lieu of cash. Full details of how and when to respond will be contained in the circular.
† This is a target only and not a profit forecast. There can be no assurance that the Company will make such distribution or any distribution at all.
Note: The times and dates in this announcement are expected times and dates only and are subject to change. Any such changes will be notified to shareholders through a regulatory information service.
For further information please contact:
William Pollett,
President and CEO, Blue Capital Management Ltd. +1 441-299-7576