The Board of Directors of CATCo Reinsurance Opportunities Fund Ltd. are declaring annual dividends of $0.07180 in respect of each of the ordinary shares and $0.05795 in respect of each of the C Shares for the year to December 31, 2016. The record date for these dividends will be February 3, 2017 and therefore the Ordinary Shares and C Shares will go ex-dividend on February 2, 2017. It is expected that these dividends will be paid to shareholders on February 17, 2017.