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.