Form 8-K GREENLIGHT CAPITAL RE, For: Jan 26
- Wall Street ends up as investors absorb Fed minutes
- Goldman Sachs Cuts Apple Price Target, Sees Stock Plunging to $82 if Deeper Recession
- Walmart (WMT) to Introduce New Fuel and Pickup Fees for Suppliers - WSJ
- Oil slides 2% to 12-week low on fears of global recession
- Just Eat Takeaway (TKAYF) Shares Soar After Amazon Takes Stake in Grubhub Unit
News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported)
(Exact name of registrant as specified in charter)
(State or other jurisdiction of incorporation)
(Commission file number)
(IRS employer identification no.)
|P.O. Box 31110|
|(Address of principal executive offices)||(Zip code)|
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
|Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)|
|Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)|
|Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))|
|Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))|
Securities registered pursuant to Section 12(b) of the Act:
|Title of each class||Trading Symbol(s)||Name of each exchange on which registered|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging Growth Company
If an emerging growth company, indicate by check mark if registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
DME Advisors, LP (“DME Advisors”) is the investment advisor to Solasglas Investments, LP (“Solasglas”), in which each of Greenlight Reinsurance, Ltd. and Greenlight Reinsurance Ireland, DAC, subsidiaries of Greenlight Capital Re, Ltd. (“GLRE” or the “Company”), is a limited partner and in which DME Advisors II, LLC (“DME II”) is the general partner. Each of DME Advisors and DME II is controlled by David Einhorn, President of Greenlight Capital, Inc. (“Greenlight Capital”) and Chairman of the Company’s board of directors. On January 26, 2022, Mr. Einhorn, in his capacity as President of Greenlight Capital, is expected to speak at a private investor conference and to provide certain information relating to the Investment Portfolio (as defined in Note (ii) on the Investment Returns section of GLRE’s website www.greenlightre.com) of Solasglas and other accounts managed by Greenlight Capital or its affiliates, including DME Advisors. To comply with regulation FD, the following information is hereby provided:
•As of December 31, 2021, the Investment Portfolio, including DME II’s general partnership interests in Solasglas (the “GP Interest”), was $302 million, and comprised 13.9% of the aggregate assets under management of Greenlight Capital and its affiliates. As of December 31, 2021, the Investment Portfolio, excluding the GP Interest and composed solely of the Company’s limited partnership interests in Solasglas, was $236 million.
•For the period from January 1, 2022 through January 25, 2022, DME Advisors reports an estimated investment return on the Investment Portfolio of 0.1% net of fees and expenses. For further information on the calculation of the estimated investment return please refer to Note (ii) on the Investment Returns section of GLRE’s website www.greenlightre.com.
•As of December 31, 2021, the largest disclosed positions in the Investment Portfolio were Atlas Air Worldwide, Brighthouse Financial Inc., Chemours, Green Brick Partners Inc. and Teck Resources (collectively, the “Largest Disclosed Positions”). DME Advisors reports that, as of January 25, 2022, the Investment Portfolio had long positions in the Largest Disclosed Positions and currently anticipates ownership in the Largest Disclosed Positions for the foreseeable future. Further, DME Advisors reports that, as of January 25, 2022, the Investment Portfolio held long positions in Capri Holdings, Concentrix, CONSOL Energy, Danimer Scientific, Galapagos NV, Global Payments, ODP Corporation, Rheinmetall AG and gold.
In accordance with general instruction B.2 to Form 8-K, the information set forth in this Item 7.01 shall be deemed “furnished” and not “filed” with the Securities and Exchange Commission for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|GREENLIGHT CAPITAL RE, LTD.|
|By:||/s/ Neil Greenspan|
|Title:||Chief Financial Officer|
|Date:||January 26, 2022|
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- New College Institute Reflects on Karen Jackson's Accomplishments
- Twelve Board Store Launches New Range of Snowboarding Gear as Heavy Snowfalls Provide Excellent Early Season Conditions
Create E-mail Alert Related CategoriesSEC Filings
Related EntitiesGreenlight Capital, David Einhorn
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!