Blue Capital Alternative Income Fd 2017 September NAV Announcement (0054U)
October 18 2017 - 12:23PM
UK Regulatory
TIDMBCAI
RNS Number : 0054U
Blue Capital Alternative Income Fd
18 October 2017
Blue Capital Alternative Income Fund Limited (the "Company")
(Ticker: "BCAI")
18 October 2017
Net Asset Value, September 2017
As at the close of business on 30 September 2017, the unaudited
net asset value of the Company's Ordinary Shares is as follows:
Unaudited NAV
30 September September Year-to-Date
2017 Performance Performance
Ordinary
Shares $0.8227 (26.00%) (23.69%)
The net asset value of the Company's Ordinary Shares at 30
September 2017 reflects the impact of two major hurricanes which
made landfall in September and two earthquakes in Mexico. On 10
September 2017, Hurricane Irma made initial U.S. landfall near the
Florida Keys, Florida and on 20 September 2017, Hurricane Maria
made landfall in Puerto Rico. Additionally, the Southern Coast of
Mexico was impacted by an earthquake on 8 September 2017 while
Central Mexico was impacted by an earthquake on 19 September
2017.
The estimates for the Company's incurred losses in 2017, net of
reinsurance and reinstatement premiums, have driven the Company's
year-to-date performance to (23.69%). The Company's loss estimates
have been derived from the utilization of proprietary catastrophe
modeling, standard industry models, an in-depth review of in-force
contracts and initial indications from clients and brokers. The
Company's actual losses may ultimately differ materially from
estimated losses due to the nature of the risks assumed, the
complexity of the assessment of damages and the limited number of
reported claims received to date.
In accordance with the Circular of the Company dated 4 November
2016, the Company's administrator has calculated the estimated Net
Asset Value per Redemption Share as at the close of business on 30
September 2017.
Unaudited NAV
30 September
2017
Redemption
Shares $1.0837
For more information about the Company, including access to the
Company's monthly Fact Sheets, please visit our website at
www.bcai.bm.
Enquiries:
Blue Capital Management
Ltd.
Michael J. McGuire +1 441 278 0988
Email: investorrelations@Sompo-Intl.com
Stifel Nicolaus Europe
Limited +44 (0)20 7710 7600
Neil Winward
Mark Bloomfield
Tunga Chigovanyika
This information is provided by RNS
The company news service from the London Stock Exchange
END
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