Net Asset Value(s)

Life Settlement Assets PLC

08 July 2024

 

LIFE SETTLEMENT ASSETS PLC

LEI: 2138003OL2VBXWG1BZ27

(the "Company" or "LSA")

Monthly NAV Report

LSA, a closed-ended investment company which manages portfolios of whole 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 May 2024.

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$ 111,971,603	US$ 2.2472

As set out in the 2023 Annual Report, the Company is expecting to receive an additional sum of up to $4m from the MBC Action being the repayment of premiums which had been overpaid on the instruction of MBC Trust. For clarity, this has not been accounted for in the 31 May 2024 NAV as the final quantum and timing remain uncertain. A further announcement on this will be made as and when appropriate.

For further information contact

Acheron Capital Limited (Investment Manager)

Jean-Michel Paul

020 7258 5990

Shore Capital (Financial Adviser and Broker)

Anita Ghanekar/Gillian Martin/Harry Davies-Ball

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

 

END