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12 Jul 2022 07:00
FOR IMMEDIATE RELEASE
12 July 2022
CATCo Reinsurance Opportunities Fund Ltd. (the "Company")
Net Asset Value
To: SFS, London Stock Exchange and Bermuda Stock Exchange
March 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 31 March 2022.
Ordinary Shares
· Total NAV (USD): $53,593,211
· NAV per Share of $0.3590 (based on the number of Ordinary Shares in issue as at 31 March 2022)
· Adjusted NAV per Share of $1.2493 (based on the number of Ordinary Shares in issue post the partial compulsory redemption of shares, as announced on 7th April 2022)
The adjusted Ordinary Share NAV (after taking into account the April 2022 partial compulsory redemption) consists of approximately $1.1m of cash on hand and approximately $0.75m of investments held in Side Pocket Investments.
C Shares
· Total NAV (USD): $61,196,987
· NAV per Share of $0.7353 (based on the number of C Shares in issue as at 31 March 2022)
· Adjusted NAV per Share of $8.8185 (based on the number of C Shares in issue post the partial compulsory redemption of shares as announced on 7th April 2022)
The adjusted C Share NAV (after taking into account the April 2022 partial compulsory redemption) consists of approximately $4.2m of cash on hand and approximately $3.1m of investments held in Side Pocket Investments.
For further information: |
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Markel CATCo Investment Management Ltd.
Judith Wynne General Counsel 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 | Numis Securities Limited
David Benda / Hugh Jonathan Telephone: +44 (0) 20 7260 1000 |
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