Life Settlement Assets PLC Policy Maturities (0681F)
July 10 2019 - 3:00AM
UK Regulatory
TIDMLSAA TIDMLSAB TIDMLSAD TIDMLSAE
RNS Number : 0681F
Life Settlement Assets PLC
10 July 2019
Life Settlement Assets PLC
LEI: 2138003OL2VBXWG1BZ27
(the "Company" or "LSA")
Policy Maturities
Life Settlement Assets plc has received notification of a number
of maturities including the most significant outstanding policy
across share classes A, D and E. This particularly significant
policy matured on 1 July 2019, it has a face value of US$
10,160,466 for the benefit of the A share class (LSAA), US$ 776,018
for the benefit of the B share class (LSAB), US$ 2,168,074 for the
benefit of the D share class (LSAD) and US$ 1,982,432 for the
benefit of the E share class (LSAE). This maturity is in the
process of being valued and, assuming it is verified, would add
approximately US$ 0.153 to the NAV per A share, US$ 0.04 to the NAV
per B share, US$ 0.141 to the NAV per D share, US$ 0.689 to the NAV
per E share before costs.
Enquiries:
Acheron Capital Limited (Investment Manager)
Jean-Michel Paul
020 7258 5990
Maitland Administration Services Limited
George Bayer
Company Secretary
01245 398984
Shore Capital (Financial Adviser and Broker)
Robert Finlay
020 7601 6115
TB Cardew (Financial PR)
Shan Shan Willenbrock
020 7930 0777
Notes to Editors
LSA is a closed-ended investment company which manages
portfolios of whole and fractional interests in life settlement
policies issued by life insurance companies operating predominantly
in the United States. The life settlement market enables
individuals to sell their life insurance policies to investors at a
higher cash value than they would otherwise receive from insurance
companies (if they were cancelled or surrendered at the date of
sale). The Company aims to manage portfolios of life settlement
products so that the realised value of the policy maturities
exceeds the aggregate cost of acquiring the policies, ongoing
premiums, management fees and other operational costs. LSA is
listed on the Specialist Fund Segment of the Main Market of the
London Stock Exchange.
This information is provided by RNS, the news service of the
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contact rns@lseg.com or visit www.rns.com.
END
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