CATCo Reinsurance Opps Fund Ltd Dividend Declaration (7186O)
01 February 2019 - 12:52AM
UK Regulatory
TIDMCAT
RNS Number : 7186O
CATCo Reinsurance Opps Fund Ltd
31 January 2019
CATCo Reinsurance Opportunities Fund Ltd. ("the Company")
Declaration of Annual Dividend
To: SFM, London Stock Exchange Date: 31 January 2019
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 $0.0265
in respect of each of the Ordinary Shares and $0.0445 in respect of
each of the C Shares for the year to 31 December 2018. The record
date for these dividends will be 8 February 2019 and therefore the
Ordinary Shares and C Shares will go ex-dividend on 7 February
2019. It is expected that these dividends will be paid to
shareholders on 25 February 2019.
* 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
General Counsel
Markel CATCo Investment Management Ltd.
Telephone: +1 441 493 9005
Email: judith.wynne@markelcatco.com
Mark Way
Chief of Investor Marketing
Markel CATCo Investment Management Ltd.
Telephone: +1 441 493 9001
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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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