AGH 3.94 0.00 Vol 0 AGL 17 0.00 Vol 0 BAS 1.7 0.00 Vol 0 BFM 16.5 0.00 Vol 0 BG23B 98.0002 0.00 Vol 0 BPH 7 0.00 Vol 0 DEVON 3.55 0.00 Vol 0 LOM 2.5 0.00 Vol 0 NTB 51.5 0.00 Vol 0 ONE 3 0.00 Vol 0 POLAR 5 0.00 Vol 0 SOM 16 0.00 Vol 0 WHHL 4.06 0.00 Vol 0 WWW 21.5 0.00 Vol 0
Market Closed:
Mechanics Building, 12 Church Street, Hamilton HM 11, Bermuda.
Listed Since: 2012/12/06
Delisted on: 2018/07/26
BSX Ticker: BCAI.BH
Currency: USD
Other Ticker: BCAI.LN
ISIN: BMG1189R1043
Telephone: 295 0329
Fax: 295 3926

Investment Objective

The investment objective of the Company is to generate attractive returns from a sustainable annual dividend yield and longer-term capital growth by investing substantially all of its assets in the Master Fund.

Target Returns

The Company will target an annualised dividend yield of LIBOR plus 6 per cent. per annum on the Issue Price of the Ordinary Shares. The Company will also target a net return to Shareholders (comprised of dividends and other distributions to Shareholders together with increases in the Company's Net Asset Value) of LIBOR plus 10 per cent. per annum to be achieved over the longer term.1

Investment Policy

The Company will seek to achieve its investment objective by investing substantially all of its assets in the Master Fund.

The Master Fund will invest in a diversified portfolio of fully collateralized reinsurance-linked contracts and other investments carrying exposures to insured catastrophe event risks. The Master Fund will predominantly invest in fully collateralised reinsurance-linked contracts through investing in preference shares issued by the Reinsurer.

The Master Fund may also invest directly in other reinsurance-linked investments such as Industry Loss Warranties (ILWs), Cat Bonds and other Insurance-Linked Securities directly.

 

1.       These are targets only and not profit forecasts. There can be no assurance that these targets will be met or that the Company will make any returns or distributions whatsoever or that investors will recover all or any of their investment. Prospective investors should decide for themselves whether or not the target returns and distributions are reasonable or achievable in deciding whether to invest in the Company.

 

PRICING AND MARKET CAPITALISATION

Date Shares Issued Price Market Cap
2012/12/17 172,451,028 1.01 174,175,538

FINANCIAL AND OTHER INFORMATION

DIRECTORY

LISTING SPONSOR

TRADING HOURS

08:30-09:00 Price Discovery
09:00-16:30 Continuous Trading

CONTACT DETAILS

TEL: +1 (441) 292 7212
FAX: +1 (441) 292 7619
Email: info@bsx.com

LOCATION

30 Victoria Street
3rd Floor
Hamilton, Bermuda

MAILING ADDRESS

P.O. Box HM 1369
Hamilton HMFX

Disclaimer

 

The information contained in these pages has been obtained from sources which The Bermuda Stock Exchange believes are reliable. However, the accuracy of the information cannot and is not guaranteed and The Bermuda Stock Exchange makes no representation as to its accuracy or completeness. Neither this Web site, nor any information contained herein, constitutes advice or a solicitation to subscribe, purchase or sell any securities. The Bermuda Stock Exchange expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon any part of the contents of this site or any external sites referenced from this website.