Regulatory News

  View printer-friendly version << Back

Blue Capital - NAV Announcement

Blue Capital Alternative Income Fund Limited (in liquidation) (the "Company")

20 April 2020

Net Asset Value, March 2020

As at the close of business on 31 March 2020, the unaudited net asset value of the Company's Ordinary Shares was as follows:

 

Unaudited NAV
31 March 2020

Three Month
Performance

Year-to-Date
Performance 

Ordinary Shares

$0.082

-6.4%

-6.4% 

The first quarter performance reflects net increased estimated claim losses related to 2017 catastrophe events.

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 30 April 2020, an amount equal to US$2,000,000 shall be distributed to shareholders of the Company. Such amount will be distributed to shareholders pro rata to their holdings based on total outstanding shares of 175,448,523 and reflects a partial liquidation of the Company. Please note that this is not a final distribution; future distributions will occur on a quarterly basis to the extent sufficient funds are redeemed from the Master Fund in a given quarter. On a per Ordinary Share basis, this partial distribution represents approximately $0.011 of NAV which will be reflected as a reduction in the valuation to be reported as at 30 June 2020.

Enquiries:

Blue Capital Management Ltd. +1 441 278 0988
Email: investorrelations@Sompo-Intl.com  

KPMG Advisory Limited

 +1 441 295 5063

Mark Allitt – Joint Liquidator

 

Mike Morrison – Joint Liquidator

 
Print Page Print Page | E-mail Alerts Email Alerts