CATCo Reinsurance Opps Fund Ltd Net Asset Value(s) (0911S)

TIDMCAT

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    Numis Securities Limited 
 Ltd. 
                                       David Benda / Hugh Jonathan 
 Judith Wynne                          Telephone: +44 (0) 20 7260 
 General Counsel                       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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