Markel Catco investors query treatment of remaining cash in listed fund

18 October 2021

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

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