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RNS Number : 3525T CATCo Reinsurance Opps Fund Ltd 22 July 2022
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
7(th) 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
7(th) 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:
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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