Net Asset Value(s)

RNS Number : 4670V

Life Settlement Assets PLC

05 April 2023

 

LIFE SETTLEMENT ASSETS PLC

LEI: 2138003OL2VBXWG1BZ27

(the "Company" or "LSA")

Monthly NAV Report

LSA, 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, today announces its unaudited Net Asset Value (NAV) for its shares - the A Ordinary Shares ("A Shares") as at 31 January 2023.

As announced at 7.00am on 5 April 2023 the NAV includes an uplift from the completion of the acquisition of the portfolio of life policies from Mutual Benefits Keep Policy Trust by Acheron Portfolio Trust on behalf of LSA and a number of sizeable maturities since the start of the year with an aggregate value of US$ 6.6 million.  

Further information and commentary on the shares will be available on LSA's website, 

https://www.lsaplc.com/investor-relations/

A Shares

Estimated NAV	NAV per share
US$114,167,706	US$2.2913

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: [phone]

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 value0 of the policy maturities exceeds the aggregate cost of acquiring the policies, ongoing premiums, management fees and other operational costs.

 

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