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Blue Capital - NAV Announcement

18 October 2019

Net Asset Value, September 2019
As at the close of business on 30 September 2019, the unaudited net asset value of the Company's Ordinary Shares is as follows:


Unaudited NAV
30 September 2019

Three Month


Ordinary Shares




The third quarter performance reflects increased estimated claim losses related to 2017 and 2018 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 31 October 2019, an amount equal to US$13,000,000 is expected to 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 $0.074 of NAV which will be reflected as a reduction in the valuation to be reported as at 31 December 2019.

Blue Capital Management Ltd. +1 441 278 0988

KPMG Advisory Limited

 +1 441 295 5063

Mark Allitt


Mike Morrison

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