Life Settlement Assets PLC Dividend Declaration (1788H)
March 23 2020 - 4:55AM
UK Regulatory
TIDMLSAA TIDMLSAB TIDMLSAD TIDMLSAE
RNS Number : 1788H
Life Settlement Assets PLC
23 March 2020
Life Settlement Assets PLC
(the "Company" or "LSA")
LEI: 2138003OL2VBXWG1BZ27
Dividend Declaration
The Company has received notification of various policy
maturities with a face value of US$ 2,511,896 for the benefit of
the A share class (LSAA); US$ 1,307,908 for the benefit of the D
share class (LSAD) and US$ 583,717 for the benefit of the E share
class (LSAE).
In light of these policy maturities, t he Board has today
declared the following special dividends:
- for A Ordinary Shareholders, a special dividend of 6.267 cents
per share totalling US$2.5 million
- for D Ordinary Shareholders, a special dividend of 15.922
cents per share totalling US$1.4 million
- for E Ordinary Shareholders, a special dividend of 38.299
cents per share totalling US$0.6 million
The above dividends will be paid on 28 April 2020 to all
Shareholders on the share register on 3 April 2020.
Enquiries:
Acheron Capital Limited (Investment Manager)
Jean-Michel Paul
020 7258 5990
Shore Capital (Financial Adviser and Broker)
Robert Finlay
020 7601 6115
ISCA Administration Services Limited
Company Secretary
Tel: 01392 487056
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 was is
listed on the Specialist Fund Segment of the Main Market of the
London Stock Exchange.
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contact rns@lseg.com or visit www.rns.com.
END
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