Markel Catco investors query treatment of remaining cash in listed fund
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Markel Catco investors query treatment of remaining cash in listed fund

Fiona Robertson
18 October 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
markel-catco-logo-bermuda.jpg

Markel’s buyout offer to Catco investors is silent on what will happen to cash on hand in the manager’s listed fund, with the listed fund’s board to control the final return of what represents up to 10% of remaining capital for some investors.

Markel Catco has said that the cash will be available for distribution at the discretion of the listed fund’s board.

But

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

Markel CatcoNewsAnalysis
fiona robertson/fiona robertson ii ils.png
Fiona Robertson
Editor-in-Chief
Contact
Gift this article