REG - Life Settlement - Policy Maturities

Life Settlement AssetsAnnouncement

01/03/2024 16:15

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RNS Number : 3350F  Life Settlement Assets PLC  01 March 2024

This announcement contains inside information for the purposes of Regulation
11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as
amended). Upon the publication of this announcement via a Regulatory
Information Service, this inside information is now considered to be in the
public domain.

 

Life Settlement Assets PLC

LEI: 2138003OL2VBXWG1BZ27

(the "Company" or "LSA")

Policy Maturities

 

Life Settlement Assets plc has received notification on 1 March 2024 of a
maturity across two policies held by the Company with a face value of US$ 9.2
million.   These maturities are in the process of being valued and, if
verified, would add approximately US$8.2 million to the Company's assets
equating to approximately 7.2% of the unaudited NAV to 31 December 2023,
before costs.

 

For further information contact

Acheron Capital Limited (Investment Manager)

Jean-Michel Paul

020 7258 5990

 

Shore Capital (Financial Adviser and Broker)

Anita Ghanekar/Rose Ramsden

020 7408 4090

 

ISCA Administration Services Limited

Company Secretary

Tel: 01392 487056

 

Notes to Editors

Life Settlement Assets PLC is a closed-ended investment trust company which
invests in, and manages, portfolios of whole and fractional interests in life
settlement policies issued by life insurance companies operating predominantly
in the United States. The Company seeks to generate long-term returns for
investors by investing in the life settlement market, through each of the
separate Share Classes. The Company aims to manage its investment in
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.

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