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RNS Number : 0911S CATCo Reinsurance Opps Fund Ltd 12 July 2022
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 7(th) 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 7(th) 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:
Markel CATCo Investment Management Ltd. Numis Securities Limited
Judith Wynne David Benda / Hugh Jonathan
General Counsel Telephone: +44 (0) 20 7260 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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