Twelve Capital Event Update

There is currently a disturbance, “90L,” off the east coast of Florida with a chance of becoming the first named storm of the season, “Alberto”. At the moment, however, the disturbance is moving northeast away from land, therefore for now its potential development into a storm is not expected to impact any of our positions.

In addition, there is an area in the west of the Gulf of Mexico that has a 40% probability of turning into a storm within the next seven days, but it is too early to tell.

Twelve Capital continues to closely monitor relevant potential and actual catastrophe events and will issue specific updates on new major events that occur.