CATCo Reinsurance Opps Fund Ltd Net Asset Value(s) (3525T)
July 22 2022 - 2:00AM
UK Regulatory
TIDMCAT
RNS Number : 3525T
CATCo Reinsurance Opps Fund Ltd
22 July 2022
FOR IMMEDIATE RELEASE
22 July 2022
CATCo Reinsurance Opportunities Fund Ltd. (the "Company")
Net Asset Value
To: SFS, London Stock Exchange and Bermuda Stock Exchange
April 2022 Net Asset Values
Markel CATCo Investment Management Ltd., the Company's
Investment Manager, announces the following unaudited Net Asset
Value ("NAV") of the Company's Ordinary Shares and C Shares as at
the close of business on 30 April 2022.
Ordinary Shares
-- Total NAV (USD): $3,986,384
-- NAV per Share of $2.6698 (based on the number of Ordinary
Shares in issue post the partial compulsory redemption of shares,
as announced on 7(th) April 2022)
The increase in the April NAV was due to favourable loss reserve
development in relation to the underlying Side Pocket Investments
from the 2017-2019 underwriting years.
C Shares
-- Total NAV (USD): $8,606,248
-- NAV per Share of $10.3394 (based on the number of Ordinary
Shares in issue post the partial compulsory redemption of shares,
as announced on 7(th) April 2022)
The increase in the April NAV was due to favourable loss reserve
development in relation to the underlying Side Pocket Investments
from the 2018-2019 underwriting years.
For further information:
Markel CATCo Investment Management Numis Securities Limited
Ltd.
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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