Issue of Equity

RNS Number : 5922Z
CATCo Reinsurance Opps Fund Ltd
21 September 2015
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND, JAPAN OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

This announcement does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any shares in CATCo Reinsurance Opportunities Fund Ltd. or securities in any other entity, in any jurisdiction, including the United States, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction. This announcement does not constitute a recommendation regarding any securities.

 

CATCo Reinsurance Opportunities Fund Ltd.

 

21 September 2015

 

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

 

 

Potential Equity Issue

 

The Company today announces that the Board and the Company's investment manager, CATCo Investment Management Ltd. (the "Manager") believe that the Company is appropriately positioned to continue to deliver attractive returns through its focused strategy. As a result of consultations with certain existing Shareholders, it is considering fundraising options for investment into the January 2016 portfolio.

Following recent meetings held by the Manager with a number of existing and potentially new clients of CATCo-Re Ltd. (the "Reinsurer") (through which the Company indirectly invests in fully collateralised reinsurance contracts), interest levels in the Reinsurer's retrocessional protections have been seen to be much greater than that experienced in prior years.

A further announcement will be made in due course.

 

For further information, please contact:

CATCo Investment Management Ltd. 
Judith Wynne, General Counsel
Mobile: +44 7986 205364
Telephone: +1 441 493 9005 
Email: judith.wynne@catcoim.com 


Mark Way, Investor Relations Director
Mobile: +44 7786 116991 
Telephone: +1 441 293 0050
Email: mark.way@catcoim.com


Numis Securities Limited 
David Benda / Hugh Jonathan 
Telephone: +44 (0) 20 7260 1000

 


 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IOEDBLFLEKFZBBX
UK 100

Latest directors dealings