Regulatory News

  View printer-friendly version << Back

Blue Capital - NAV Announcement

19 October 2018

Net Asset Value, September 2018

As at the close of business on 30 September 2018, the unaudited net asset value of the Company's Ordinary Shares is as follows:

 

Unaudited NAV
30 September 2018

Three Month
Performance

Year-to-Date
Performance 

Ordinary Shares

$0.7255

-2.98%

-3.66% 

The Company’s Ordinary Share performance in the quarter to 30 September reflects initial loss estimates established for Hurricane Florence and Typhoon Jebi which made landfall in North Carolina and Japan respectively during the period.  Additionally, increased estimated losses from Hurricane Irma which made landfall in Florida in September 2017 are reflected.  The reinsurance treaties underlying the Company’s investments have been subject to increased reported ultimate losses which are broadly in line with published changes in industry loss estimates for 2017.

Quarterly Distribution

In accordance with the Circular of the Company dated 27 June 2018 the Company’s Liquidators are pleased to announce that, on or before 31 October 2018, an amount equal to US$7,000,000 is expected to be distributed to shareholders of the Company. Such amount will be distributed to shareholders pro rata to their holdings.

Enquiries:


Blue Capital Management Ltd.

 +1 441 278 0988

Email: investorrelations@Sompo-Intl.com

 
   

KPMG Advisory Limited

 +1 441 295 5063

Mark Allitt

 

Mike Morrison

 
Print Page Print Page | E-mail Alerts Email Alerts