Life Settlement Assets announces three ‘maturities’ – Life Settlement Assets has made the following announcement:
“The company has received notification of three policy maturities on two lives with a face value of USD1,784,882.18 for the benefit of the B share class (LSAB). These maturities reflect the lumpy nature of returns from the portfolio and are supportive of the Board’s expectations for the year as a whole. The maturities are in the process of being valued and, assuming they are verified, would add approximately USD0.0809 to the NAV per share, before costs.”
[QD comment: Sadly, ‘maturity’ in this case means that two people died. When calculating its NAV, Life Settlement Assets will make an assumption about when the life assurance policies that it has acquired will mature based on their assessment of life expectancy. If someone dies early then this adds to the NAV of the fund.]
LSAA / LSAB / LSAD / LSAE : Life Settlement Assets announces three ‘maturities’