Twelve Capital Event Update

Over the previous two weeks, the first Named Storm of the season was registered; Alberto which made landfall as a Tropical Storm in Mexico, with heavy rain and flooding across Mexico and south parts of Texas. No impact is expected to any Twelve Capital positions.

In the Atlantic, there are currently two potential areas of development over the next seven days, one in the Caribbean Sea with a 20% chance, and an area out in the Main Development Region (middle of the Atlantic Ocean), with a 70% chance of development into a storm system. Should either of these areas develop into a Named Storm, the potential strength and direction of these areas will become clearer over the coming days.

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