CATCo Reinsurance Opps Fund Ltd Dividend Declaration (5327D)
January 31 2018 - 11:20AM
UK Regulatory
TIDMCAT
RNS Number : 5327D
CATCo Reinsurance Opps Fund Ltd
31 January 2018
CATCo Reinsurance Opportunities Fund Ltd. (the "Company")
Declaration of Annual Dividend
Change of fund administrator and Bermuda Stock Exchange listing
sponsor
To: SFS, London Stock Date: 31 January 2018
Exchange and Bermuda
Stock Exchange
The Company targets distributions on Ordinary Shares by way of
dividends in respect of any fiscal year of an amount equal to LIBOR
plus 5 per cent of the Net Asset Value per Ordinary Share as at the
end of the relevant fiscal year.*
In line with this target, the Board of Directors is pleased to
announce that it has declared an annual dividend of $0.05476 in
respect of each Ordinary Share for the year to 31 December 2017.
The record date for this dividend will be 9 February 2018 and
therefore the Ordinary Shares will go ex-dividend on 8 February
2018. It is expected that this dividend will be paid to the holders
of Ordinary Shares on 26 February 2018.
The Company also wishes to announce that, with effect from 19
January 2018, it has appointed Centaur Fund Services (Bermuda)
Limited ("Centaur") as its new fund administrator and Bermuda Stock
Exchange listing sponsor in place of SS&C Fund Services
(Bermuda) Ltd.
Centaur is a specialist fund administrator with a dedicated
Bermuda-based ILS team and is licensed by the Bermuda Monetary
Authority under the Investment Funds Act 2006.
* 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,
Company Secretary and General Counsel
Markel CATCo Investment Management Ltd
Telephone: +1 441 493 9005
Email: judith.wynne@markelcatco.com
Mark Way
Chief Operating Officer
Markel CATCo Investment Management Ltd
Telephone: +1 441 493 9003
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 company news service from the London Stock Exchange
END
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