Blue Capital Alternative Income Fd 2017 October NAV Announcement (0160X)
November 20 2017 - 10:57AM
UK Regulatory
TIDMBCAI
RNS Number : 0160X
Blue Capital Alternative Income Fd
20 November 2017
Blue Capital Alternative Income Fund Limited (the "Company")
(Ticker: "BCAI")
20 November 2017
Net Asset Value, October2017
As at the close of business on 31 October 2017, the unaudited
net asset value of the Company's Ordinary Shares is as follows:
Unaudited NAV October Year-to-Date
31 October2017 Performance Performance
Ordinary
Shares $0.8030 (0.39%) (23.99%)
The net asset value of the Company's Ordinary Shares at 31
October 2017 reflects the impact of the three major hurricanes
which made landfall in the United States and Puerto Rico in August
and September, two earthquakes in Mexico and recent wildfires in
California.
The estimates for the Company's incurred losses in 2017, net of
reinsurance and reinstatement premiums, have driven the Company's
year-to-date performance to (23.99%). The Company's loss estimates
have been derived from the utilization of proprietary catastrophe
modeling, standard industry models, an in-depth review of in-force
contracts and initial indications from clients and brokers. The
Company's actual losses may ultimately differ materially from
estimated losses due to the nature of the risks assumed, the
complexity of the assessment of damages and the limited number of
reported claims received to date.
In accordance with the Circular of the Company dated 4 November
2016, the Company's administrator has calculated the estimated Net
Asset Value per Redemption Share as at the close of business on 31
October 2017.
Unaudited NAV
31 October 2017
Redemption
Shares $1.1414
For more information about the Company, including access to the
Company's monthly Fact Sheets, please visit our website at
www.bcai.bm.
Enquiries:
Blue Capital Management
Ltd.
Michael J. McGuire +1 441 278 0988
Email: investorrelations@Sompo-Intl.com
Stifel Nicolaus Europe
Limited +44 (0)20 7710 7600
Neil Winward
Mark Bloomfield
Tunga Chigovanyika
This information is provided by RNS
The company news service from the London Stock Exchange
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