26 Jan 2017 13:17
CATCo Reinsurance Opportunities Fund Ltd. ("the Company")
Declaration of Annual Dividend
To: SFM, London Stock Exchange and Bermuda Stock Exchange | Date: 26 January 2017 |
At the launch of the Company, the Board of Directors indicated the intention to pay an annual dividend in respect of any Fiscal Year of an amount equal to LIBOR plus 5 per cent of the Net Asset Value as at the end of the relevant Fiscal Year.*
The Board of Directors are declaring annual dividends of $0.07180 in respect of each of the Ordinary Shares and $0.05795 in respect of each of the C Shares for the year to 31 December 2016. The record date for these dividends will be 3 February 2017 and therefore the Ordinary Shares and C Shares will go ex-dividend on 2 February 2017. It is expected that these dividends will be paid to shareholders on 17 February 2017.
* 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
CATCo (CAT)