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CATCo Reinsurance Opportunities Fund Ltd. - Net Asset Value
Hamilton, Bermuda – May 16, 2017 – In a filing with the Bermuda Stock Exchange CATCo Reinsurance Opportunities Fund Ltd. (the "Company”; Ticker: CAT.BH), announced the unaudited net asset value of the Company's Ordinary Shares and C Shares. The full filing stated:
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.
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Markel CATCo Investment Management Ltd.
Judith Wynne General Counsel Telephone: +1 441 493 9005 Email:judith.wynne@markelcatco.com
Mark Way Chief Operating Officer Telephone: +1 441 493 9001 |
Numis Securities Limited
David Benda / Hugh Jonathan Telephone: +44 (0) 20 7260 1000 |