Blue Capital Reinsurance Holdings Ltd. (NYSE: BCRH); (the “Company” or
“Blue Capital”) has declared a quarterly dividend of $0.30 per common
share, which is payable on or before July 31, 2014 to holders of record
as of July 15, 2014.
The Company currently intends to distribute a minimum of 90% of its
Distributable Income (as defined in its Form 10-K for the year ended
December 31, 2013, as filed with the Securities and Exchange Commission
on March 7, 2014), in the form of cash dividends to its common
shareholders. The Company intends to make regular quarterly dividend
payments for each of the first three fiscal quarters of each fiscal
year, followed by a fourth “special” dividend after the end of its
fiscal year to meet its dividend payout target for each fiscal year. Any
future determination to pay dividends on its common shares will remain
at the discretion of the Company’s board of directors and will be
dependent upon many factors, including its results of operations, cash
flows, financial position, capital requirements, general business
opportunities, legal, tax, regulatory and contractual restrictions.
In addition, the Company expects to release its second quarter 2014
results after the market close on July 25, 2014. The Company, which
commenced operations in November 2013, will not be hosting a conference
call to discuss its results for this quarter.
Blue Capital, through its operating subsidiaries, offers collateralized
reinsurance in the property catastrophe market and invests in various
insurance-linked securities. Additional information can be found in the
Company’s public filings with the Securities and Exchange Commission or
at www.bcapre.bm.
This press release may contain "forward-looking" statements within the
meaning of the United States federal securities laws, pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act
of 1995, that are not historical facts, including statements about our
beliefs and expectations. All forward-looking statements are based upon
current plans, estimates and projections. Actual results could differ
materially from those projected in any forward-looking statements, as a
result of certain risk factors disclosed previously, and from time to
time, in the Company’s filings with the United States Securities and
Exchange Commission. The Company undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
Copyright Business Wire 2014