TIDMCAT

RNS Number : 2721X

CATCo Reinsurance Opps Fund Ltd

27 August 2020

FOR IMMEDIATE RELEASE

27 August 2020

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

Portfolio Update

To: SFS, London Stock Exchange and Bermuda Stock Exchange

Portfolio Update

The Investment Manager advises of a further release of Side Pocket Investment ("SPI") capital of approximately $25.6 million which is expected to be paid to the Company during October 2020, and which the Company intends to use to carry out a fifth compulsory partial redemption of its issued share capital.

The breakdown of the payments to the Ordinary Shareholders and C Shareholders is approximately $5.1 million and approximately $20.5 million respectively.

The Company will issue further details of the expected timetable for this fifth compulsory redemption during September 2020.

This announcement contains Inside Information as defined under the Market Abuse Regulation (EU) No. 596/2014.

 
For further information: 
Markel CATCo Investment Management Ltd.  Numis Securities Limited 
                                          David Benda / Hugh Jonathan 
 Judith Wynne                             Telephone: +44 (0) 20 7260 
 General Counsel                          1000 
 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

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August 27, 2020 02:00 ET (06:00 GMT)

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