Life Settlement Assets PLC ("LSA")
LEI: 2138003OL2VBXWG1BZ27
Further update re sale of Mutual Benefits Keep Policy Trust ("MBC")
Following LSA's 5 December announcement in relation to the sale of MBC, LSA is pleased to announce that Acheron Portfolio Trust, on behalf of LSA, has entered into a high-level agreement with Mutual Benefits Keep Policy Trust to acquire all remaining policies held by that entity. A fully settled agreement is expected to be signed in the next two weeks, at which time further information will be released.
12 December 2022
For further information contact
Acheron Capital Limited (Investment Manager)
Jean-Michel Paul
020 7258 5990
Shore Capital (Financial Adviser and Broker)
Robert Finlay
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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