CATCo Reinsurance Opps Fund Ltd Tender Offer (5195P)

TIDMCAT

RNS Number : 5195P

CATCo Reinsurance Opps Fund Ltd

18 November 2016

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

Tender Offer

 
 To: SFM, London Stock   Date: 18 November 2016 
  Exchange and Bermuda 
  Stock Exchange

Following the announcement of the unaudited net asset value of the Company's Ordinary Shares and C Shares as at the close of business on 31 October 2016, on 14 November ("Net Asset Value"), the Company notes that the Company's Ordinary Shares and C Shares were trading at a 0.25% discount and a 0.53% discount respectively, to the Net Asset Value.

In accordance with the Circular to Shareholders dated 29 September 2015, this would trigger a Return of Value Tender Offer. However, the Board, having consulted with major shareholders, and in light of the narrow discount to the Net Asset Value has decided not to implement the Return of Value Tender for either class of share.

 
 Markel CATCo Investment Management 
  Ltd. 
 Judith Wynne, General Counsel 
  Telephone: +1 441 493 9005 
  Email: judith.wynne@markelcatco.com 
 Mark Way, Chief Operating Officer 
  Telephone: +1 441 493 9001 
  Email: mark.way@markelcatco.com 
 Numis Securities Limited 
  David Benda / Hugh Jonathan 
  Telephone: +44 (0) 20 7260 1000

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November 18, 2016 02:00 ET (07:00 GMT)

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