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22 Jul 2022 07:00
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 7th 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 7th 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: |
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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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