CATCo Reinsurance Opps Fund Ltd Dividend Declaration (2270V)
27 January 2017 - 12:17AM
UK Regulatory
TIDMCAT
RNS Number : 2270V
CATCo Reinsurance Opps Fund Ltd
26 January 2017
CATCo Reinsurance Opportunities Fund Ltd. ("the Company")
Declaration of Annual Dividend
To: SFM, London Stock Date: 26 January 2017
Exchange and Bermuda
Stock Exchange
At the launch of the Company, the Board of Directors indicated
the intention to pay an annual dividend in respect of any Fiscal
Year of an amount equal to LIBOR plus 5 per cent of the Net Asset
Value as at the end of the relevant Fiscal Year.*
The Board of Directors are declaring annual dividends of
$0.07180 in respect of each of the Ordinary Shares and $0.05795 in
respect of each of the C Shares for the year to 31 December 2016.
The record date for these dividends will be 3 February 2017 and
therefore the Ordinary Shares and C Shares will go ex-dividend on 2
February 2017. It is expected that these dividends will be paid to
shareholders on 17 February 2017.
* This is a target only and not a profit forecast. There can be
no assurance that the Company will make distributions in any Fiscal
Year.
-End-
For further information:
Judith Wynne,
Company Secretary and General Counsel
Markel CATCo Investment Management Ltd
Telephone: +1 441 493 9005
Email: judith.wynne@markelcatco.com
Mark Way
Chief Operating Officer
Markel CATCo Investment Management Ltd
Telephone: +1 441 493 9003
Email: mark.way@markelcatco.com
David Benda / Hugh Jonathan
Numis Securities Limited
Telephone: +44 (0) 20 7260 1000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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