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CATCo Reinsurance Opps 'C' (Ordinary Share) CATC

Sector Specialist: Reinsurance

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Estimated NAV

1.00

Share Price

 

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 1.1 -0.3% 1.00 1.00
31 Jul
100% 4.51%

Sectors weighting

Miscellaneous 100.00%

Regional weighting

Other Countries 100.00%
  • Investment trust info:

  • Sector Sector Specialist: Reinsurance
  • Launch Date 20 May 2011
  • Currency  
  • Domicile Bermuda
  • Share Price  
  • Share Type Ordinary Share
  • TIDM CATC
  • ISIN BMG1962E1066
  • Shares Issued (M) 244
  • Market Capital (£M) 175.84
  • Gross Assets (£M) 176.29
  • Net Assets (£M) 176.29
  • TER (%) 0.00
  • Historic Dividend Yield (%) 4.51
  • Last AGM 06 Mar 2012
  • Next AGM 06 Mar 2013
  • Last Annual Report Date 10 Feb 2012
  • Next due Report Date 30 Jun 2012
  • Next due Report Type I/R
  • Objective:

  • To provide investors with significant capital returns and long-term distributions by making investments linked to catastrophe reinsurance risks via a variety of insurance-based investments.
  • Management Group(s):

  • Markel CATCo Investment Management Ltd.
  • Managed by:

  • Graham Wood Start: 20 May 2011
  • Jason Bibb Start: 20 May 2011
  • Tony Belisle Start: 20 May 2011
  • Management Contract & Fees:

    The Master Fund pays to the Investment Manager a management fee monthly in arrears equal to 1/12 of 1.5% of the NAV of the Companys Master Fund Shares as at the last calendar day of each calendar month. In addition, the Investment Manager will receive a performance fee based on the performance at the end of each calendar year and upon redemptions, dividends and the winding-up of the Master Fund equal to 10% of gains, subject to a high water mark methodology and provided that a certain level of performance is met. The Investment Manager is also entitled to a Management Fee equal to 1/12 of 1.5% of such part of the NAV of the Company which is not attributable to the Companys Master Fund Shares. The Investment Manager is not entitled to any performance related fee from the Company.

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