LIFE SETTLEMENT ASSETS PLC — Net Asset Value 2019

Jul 10, 2019

National Storage Mechanism | Additional information

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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.

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