Blue Capital To Delist From NYSE & BSX

March 10, 2020

In a filing with the Bermuda Stock Exchange [BSX], Blue Capital Reinsurance Holdings Ltd announced intent to voluntarily delist from NYSE and BSX.

The full filing stated: “Blue Capital Reinsurance Holdings Ltd. [Blue Capital] announces its intention to file a Form 25 [Notification of Removal from Listing and/or Registration under Section 12[b] of the Securities Exchange Act of 1934] with the U.S. Securities and Exchange Commission [SEC] to voluntarily withdraw its common shares from listing on the New York Stock Exchange [NYSE].

“The Company expects to file the Form 25 on or about March 19, 2020 and expects the delisting to be effective approximately 10 days after the filing of the Form 25. As a result, the Company expects that the last trading day of its common stock on the NYSE will be on or about March 30, 2020. The Company will also withdraw its listing with the Bermuda Stock Exchange [BSX] prior to July 31, 2020.

“The voluntary delisting is part of Blue Capital’s previously announced decision to cease active operations and pursue an orderly run-off of its liabilities and in force portfolio and return capital to shareholders. The delisting from NYSE and the BSX will not impact the Company’s ability to make future distributions.

“After the effectiveness of the Form 25 filing, Blue Capital expects to file a Form 15 with the SEC, requesting the suspension of Blue Capital’s reporting obligations under Sections 13[a] and 15[d] of the Securities Exchange Act of 1934.

“Following delisting and deregistration, the Company believes that its common shares will continue to be quoted on the OTC Pink Open Market [OTC Pink], a centralized electronic quotation service operated by the OTC Markets for over-the-counter securities. However, the Company can give no assurance that trading in its common shares will continue in the future on the OTC Pink, on any securities exchange, or in any other quotation medium.”

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