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Investment trust info:
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Sector
Sector Specialist: Reinsurance
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Launch Date
20 Dec 2010
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Currency
USD
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Domicile
Bermuda
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Share Price
0.58
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Share Type
Ordinary Share
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TIDM
CAT
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ISIN
BMG1961Q2095
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Shares Issued (M)
392
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Market Capital (£M)
163.96
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Gross Assets (£M)
203.85
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Net Assets (£M)
203.85
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TER (%)
2.09
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Historic Dividend Yield (%)
9.87
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Last AGM
19 Apr 2018
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Next AGM
19 Apr 2019
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Last Annual Report Date
22 May 2018
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Next due Report Date
30 Jun 2018
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Next due Report Type
I/R
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Objective:
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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.
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Management Group(s):
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Markel CATCo Investment Management Ltd.
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Managed by:
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Lindsay Watson
Start: 10 May 2016
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Ly Lam
Start: 02 Mar 2015
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Mark Way
Start: 16 Feb 2016
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Michael Toyer
Start: 12 Dec 2014
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Tony Belisle
Start: 20 Dec 2010
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Management Contract & Fees:
Markel CATCo receives a management fee monthly in arrears equal to 1/12 of 1.5% of the NAV of the Company's Master Fund Shares and 1/12 of 1.5% of the NAV of the Company, which is not attributable to the Company's investment in the Master Funds' shares as at the last calendar day of each calendar month. 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 returns are at minimum of LIBOR + 7.5%.
