Blue Capital Alternative Income Fd 2017 December NAV Announcement (4384C)
January 19 2018 - 10:22AM
UK Regulatory
TIDMBCAI
RNS Number : 4384C
Blue Capital Alternative Income Fd
19 January 2018
Blue Capital Alternative Income Fund Limited (the "Company")
(Ticker: "BCAI")
19 January 2018
Net Asset Value, December 2017
As at the close of business on 31 December 2017, the unaudited
net asset value of the Company's Ordinary Shares is as follows:
Unaudited NAV December Year-to-Date
31 December2017 Performance Performance
Ordinary
Shares $0.7939 (1.79%) (24.85%)
The Company's Ordinary Share performance in the month of
December reflects the impact of a $0.0082 per share or (1.01%)
charge to recognize the fair value of a risk margin applied against
net assets that are required to be held as buffer loss collateral
following the significant loss events in 2017. Such buffer loss
collateral balances are not expected to be available for deployment
immediately following the expiry of the underlying reinsurance
contracts in their entirety. Fair value accounting principles
require a risk margin charge to reflect the risk associated with
the uncertainty of the buffer loss collateral being released in the
future. Management expects the risk margin charge to decline, with
a corresponding accretion of net asset value over time as the
buffer loss collateral balances decline.
In addition, the Company's Ordinary Share performance in
December was impacted by a modest increase in estimated losses from
Hurricane Irma, other attritional losses incurred and a reduction
in estimated earned premium.
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
December 2017.
Unaudited NAV
31 December 2017
Redemption
Shares $1.1229
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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