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CATCo Reinsurance Opportunities Fund Ltd. – Potential Equity Issue
Hamilton, Bermuda – 22 September, 2015 – CATCo Reinsurance Opportunities Fund Ltd. (the "Company”; Ticker: CAT.BH), today filed that the Company is considering fundraising options for investment into the January 2016 portfolio. The filing states:
The Company today announces that the Board and the Company’s investment manager, CATCo Investment Management Ltd. (the “Manager”) believe that the Company is appropriately positioned to continue to deliver attractive returns through its focused strategy. As a result of consultations with certain existing Shareholders, it is considering fundraising options for investment into the January 2016 portfolio.
Following recent meetings held by the Manager with a number of existing and potentially new clients of CATCo-Re Ltd. (the “Reinsurer”) (through which the Company indirectly invests in fully collateralised reinsurance contracts), interest levels in the Reinsurer’s retrocessional protections have been seen to be much greater than that experienced in prior years.
A further announcement will be made in due course.
For further information, please contact:
CATCo Investment Management Ltd.
Judith Wynne, General Counsel
Mobile: +44 7986 205364
Telephone: +1 441 493 9005
Email: judith.wynne@catcoim.com
Mark Way, Investor Relations Director
Mobile: +44 7786 116991
Telephone: +1 441 293 0050
Email: mark.way@catcoim.com
Numis Securities Limited
David Benda / Hugh Jonathan
Telephone: +44 (0) 20 7260 1000