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Delisting of CATCo Reinsurance Opportunities Fund Ltd
Hamilton, Bermuda: December 19, 2024 – CATCo Reinsurance Opportunities Fund Ltd (the “Company”) has advised the Bermuda Stock Exchange (the BSX) of the maturity and redemption of the following securities listed on the BSX:
CATCo Reinsurance Opportunities Fund Ltd - Ordinary Shares
CATCo Reinsurance Opportunities Fund Ltd New Class C Shares
The Company issued the following announcement:
Submitted by: Markel CATCo Investment Management Ltd.
CATCo Reinsurance Opportunities Fund Ltd
Delisting of Securities
Date: 04 Dec 2024
For Immediate Release
The Company announces the delisting of the following securities due to the proposed winding up of the company and therefore cancellation and de-listing of all shares trading on both the LSE and BSX (both C shares and Ord shares)
Since 26 March 2019, the Company has been in "run-off" and, following the recent partial compulsorily redemption that took place at the end of November 2024, the Company will have redeemed the entirety of its interest in the Master Fund and distributed substantially all of the redemption proceeds it has received.
Consequently, the Board has determined to recommend that the Company is placed into members' voluntary winding up and wound up.
Shareholder approval is required for the Company to be wound up (and related matters) and such approvals are being sought at the Special General Meeting to be held at 9:00 a.m. (Bermuda time) on 18 December 2024.
A Circular has been published to provide information relating to the proposed winding up and notice of Special General Meeting.
The information in this announcement should be read in conjunction with the full text of the Circular issued by CATCo Reinsurance Opportunities Fund Limited, dated 18 November 2024. Capitalised terms used in this announcement shall, unless the context otherwise requires, bear the meaning given to them in the Circular.
The circular will be available to download from the Company website (https://www.catcoreoppsfund.com/) shortly.
Further information:
Mark Way
+1 441 504 9178
CATCo Reinsurance Opportunities Fund Ltd. (the "Company") is a limited liability closed-ended fund, registered and incorporated as an exempted mutual fund company in Bermuda
The de-listing of the securities from the BSX pursuant to the provisions of the BSX Listing Regulations, Section I, Chapter 2, Regulation 2.33 is effective today, December 19, 2024.
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