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Pin to quick picksCATCo Regulatory News (CAT)

CATCo Information

Share Price Information for CATCo (CAT)

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Share Price: 24.00
Bid: 13.00
Ask: 35.00
Change: 0.00 (0.00%)
Spread: 22.00 (169.231%)
Open: 24.00
High: 24.00
Low: 24.00
Prev. Close: 24.00
CAT Live PriceLast checked at -
CATCo Reinsurance Opportunities is an Investment Trust

To provide investors with significant capital returns and long-term distributions by making investments linked to catastrophe reinsurance risks via a variety of insurance-based investments.

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Side-Pocket Investment Update

7 Mar 2016 07:00

RNS Number : 1808R
CATCo Reinsurance Opps Fund Ltd
07 March 2016
 

 

 

 

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

 

Side-Pocket Investment Update

 

To: SFM, London Stock Exchange and Bermuda Stock Exchange

Date: 7 March 2016

 

 

Markel CATCo Investment Management Ltd., as Investment Manager, announces that a portion of the side pocket investments established in late December 2015 to cover the UK floods and U.S. convective storms are being released.

The 2015 side pocket investment, which represented approximately 5.5% of NAV as at 31 December 2015, will be reduced to approximately 4.5% with a corresponding reduction in the side pocket investment loss reserve of approximately 0.90% reflecting the reduction in the level of collateral that is required to be retained by insured counterparties. 

The release of the side pocket investment loss reserve will be reflected in the February 2016 Ordinary Share Net Asset Value.

 

For investor enquiries:

Judith WynneGeneral CounselMarkel CATCo Investment Management Ltd.

Telephone: +1 441 493 9000

Email: judith.wynne@markelcatco.com

 

Mark WayChief Operating OfficerMarkel CATCo Investment Management Ltd. 

Telephone: +1 441 493 9000

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
 
 
NAVEAEDKESAKEAF
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Date   Source Headline
1st Jun 20174:43 pmRNSHolding(s) in Company
25th May 20175:14 pmRNSHolding(s) in Company
25th May 20172:51 pmRNSIssue of Equity
16th May 20177:00 amRNSNet Asset Value(s) and Issuance of Shares
15th May 20177:00 amRNSProposed Capital Raise
11th May 20178:00 amRNSConversion of Securities
19th Apr 20177:00 amRNSNet Asset Value(s)
6th Apr 20172:00 pmRNSAGM Statement
30th Mar 20172:25 pmRNSDirector/PDMR Shareholding
21st Mar 20174:48 pmRNSHolding(s) in Company
16th Mar 201711:33 amRNSNet Asset Value(s)
2nd Mar 20177:00 amRNSDirectorate Change
2nd Mar 20177:00 amRNSAnnual Financial Report
27th Feb 20177:00 amRNSNet Asset Value(s)
31st Jan 20177:00 amRNSPortfolio Update
26th Jan 20171:17 pmRNSDividend Declaration
20th Jan 20177:00 amRNSNet Asset Value and Portfolio Update
19th Dec 20167:00 amRNSNet Asset Value(s)
18th Nov 20167:00 amRNSTender Offer
14th Nov 20167:00 amRNSNet Asset Value(s)
8th Nov 20165:27 pmRNSHolding(s) in Company
20th Oct 20161:51 pmRNSHolding(s) in Company
19th Oct 20167:00 amRNSNet Asset Value(s)
19th Sep 20167:00 amRNSNet Asset Value and Portfolio Update
22nd Aug 20167:00 amRNSNet Asset Value(s)
15th Aug 20167:00 amRNSDirector/PDMR Shareholding
12th Aug 20167:00 amRNSHalf-year Report
19th Jul 20167:00 amRNSNet Asset Value(s)
17th Jun 20163:58 pmRNSNet Asset Value(s)
16th May 201612:57 pmRNSNet Asset Value(s)
10th May 20167:00 amRNSDirectorate Change
19th Apr 20167:00 amRNSNet Asset Value(s)
24th Mar 20165:35 pmRNSIssue of Equity
22nd Mar 201612:46 pmRNSResult of AGM
18th Mar 20167:00 amRNSNet Asset Value(s)
14th Mar 20161:18 pmRNSHolding(s) in Company
7th Mar 20167:00 amRNSSide-Pocket Investment Update
2nd Mar 20164:20 pmRNSPublication of Supplementary Prospectus
2nd Mar 20162:44 pmRNSDirector/PDMR Shareholding
29th Feb 20168:46 amRNSNet Asset Value(s)
22nd Feb 20167:00 amRNSAnnual Financial Report 2015
19th Feb 20163:51 pmRNSDoc re. Disclosure of Home Member State
16th Feb 20167:00 amRNSDirectorate Change
29th Jan 20167:00 amRNSDividend Declaration and Update C Share Conversion
25th Jan 20167:00 amRNSPortfolio Update
21st Jan 20167:00 amRNSNet Asset Value(s)
18th Dec 201512:44 pmRNSPublication of Supplementary Prospectus
16th Dec 20151:50 pmRNSNet Asset Value(s)
16th Dec 20157:00 amRNSNet Asset Value(s)
9th Dec 20157:00 amRNSStatement re Investment Manager
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