REG - Life Settlement - Dividend Declaration

Life Settlement AssetsAnnouncement

15/02/2024 15:00

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RNS Number : 3260D  Life Settlement Assets PLC  15 February 2024

Life Settlement Assets PLC (the "Company" or "LSA")

LEI: 2138003OL2VBXWG1BZ27

Declaration of special dividend

 

Special dividend declaration

Further to the announcement on 20 December 2023 and having reviewed its
current cash requirements, the Board is pleased to announce a special dividend
of 6.0209 cents per share totalling approximately US$3.0 million, payable on
15 March 2024 to Shareholders on the register on 23 February 2024. The shares
will be marked ex on 22 February 2024.

The Company continues to make progress with the acquisition of the policies
previously held by the Mutual Benefits Keep Policy Trust.  The acquisition
costs were paid in full for these policies and the Company is currently
negotiating the timeline for the receipt of its share of these proceeds as the
beneficial owner of approximately 63% of these policies by value.

 

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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