RNS Number : 0911S
CATCo Reinsurance Opps Fund Ltd
12 July 2022
 

FOR IMMEDIATE RELEASE

 

 

12 July 2022

CATCo Reinsurance Opportunities Fund Ltd. (the "Company")

Net Asset Value

 

 

To: SFS, London Stock Exchange and Bermuda Stock Exchange

March 2022 Net Asset Values

Markel CATCo Investment Management Ltd., the Company's Investment Manager, announces the following unaudited Net Asset Value ("NAV") of the Company's Ordinary Shares and C Shares as at the close of business on 31 March 2022.

 

Ordinary Shares

 

·      Total NAV (USD): $53,593,211

·      NAV per Share of $0.3590 (based on the number of Ordinary Shares in issue as at 31 March 2022)

·      Adjusted NAV per Share of $1.2493 (based on the number of Ordinary Shares in issue post the partial compulsory redemption of shares, as announced on 7th April 2022)

 

 

The adjusted Ordinary Share NAV (after taking into account the April 2022 partial compulsory redemption) consists of approximately $1.1m of cash on hand and approximately $0.75m of investments held in Side Pocket Investments.

 

C Shares

 

·      Total NAV (USD): $61,196,987

·      NAV per Share of $0.7353 (based on the number of C Shares in issue as at 31 March 2022)

·      Adjusted NAV per Share of $8.8185 (based on the number of C Shares in issue post the partial compulsory redemption of shares as announced on 7th April 2022)

 

 

The adjusted C Share NAV (after taking into account the April 2022 partial compulsory redemption)  consists of approximately $4.2m of cash on hand and approximately $3.1m of investments held in Side Pocket Investments.

 

 

 

 

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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