HAMILTON, Bermuda--(EON: Enhanced Online News)--Blue Capital Reinsurance Holdings Ltd. (“Blue Capital Reinsurance”) today announced that Blue Capital Reinsurance expects to pay its first quarterly dividend or distribution after the completion of the first quarter of 2014. Blue Capital Reinsurance expects the amount of this dividend or distribution to be approximately $0.30 per share. The actual amount and timing of this payment, if any, remains subject to approval by the board of directors of Blue Capital Reinsurance. Blue Capital Reinsurance makes no assurances as to the actual timing or amount of this payment, if any. Only shareholders who hold common shares as of the close of business on the record date for this dividend or distribution will be entitled to receive this payment.
The declaration, if any, and, if declared, the amount of this dividend or distribution, will be subject to the discretion of the board of directors of Blue Capital Reinsurance and to the considerations of various additional risks and uncertainties. The board of directors of Blue Capital Reinsurance may take into account a variety of factors when determining whether to declare this dividend or distribution and, if declared, the amount of this dividend or distribution, including (1) Blue Capital Reinsurance’s financial condition, liquidity, results of operations (including its ability to generate cash flow in excess of expenses and its expected or actual net income), retained earnings and collateral and capital requirements, (2) general business conditions, (3) legal, tax and regulatory limitations, (4) contractual prohibitions and other restrictions and (5) any other factors that the board of directors of Blue Capital Reinsurance deems relevant.
About Blue Capital Reinsurance Holdings Ltd.
Blue Capital Reinsurance Holdings Ltd. is a newly formed Bermuda reinsurance holding company seeking primarily to offer collateralized reinsurance in the property catastrophe market, by underwriting a diversified portfolio of short-tail reinsurance contracts and investing in insurance-linked securities.
Statement on the Blue Capital Reinsurance Holdings Ltd. Registration Statement
A registration statement relating to the common shares of Blue Capital Reinsurance has been filed with the U.S. Securities and Exchange Commission, but has not yet become effective. The common shares of Blue Capital Reinsurance may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to purchase nor shall there be any sale of common shares of Blue Capital Reinsurance in any state in which such offer, sale or solicitation would be unlawful prior to registration or qualification under the securities law in any such state.
The proposed offering of common shares of Blue Capital Reinsurance will be made only by means of a prospectus. Copies of the preliminary prospectus may be obtained, when available, from: Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, Email: email@example.com, Telephone: (800) 503-4611; or Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Email: Barclaysprospectus@broadridge.com, Telephone: (888) 603-5847; or UBS Securities LLC, Attention: Prospectus Dept., 299 Park Avenue, New York, NY 10171, Telephone: (888) 827-7275.