« EEA FM UK website

EEA Life Settlements Fund PCC Limited (the Fund) – 1 April 2021 Redemptions of Continuing Shares

EEA Life Settlements Fund PCC Limited (the Fund) – 1 April 2021 Redemptions of Continuing Shares

The Fund’s board of directors (the Board) has exercised its power to restrict redemptions of Shares in each Continuing Cell to the amount of Available Cash attributable to each such Continuing Cell. In calculating the level of Available Cash for each Cell at 31 March 2021, the Board exercised its discretion to exclude an amount consisting of cash and receivables to pay the premia on Current Underlying Investments for one year which means that, in aggregate, $25.63m was excluded across all Continuing and Run-Off Cells when determining the level of Available Cash.

As there has not been a further build-up of Available Cash during the quarter ending March 2021, there have been no redemptions of shares in any Continuing Cells and outstanding redemption requests in all Continuing Cells have been postponed until the next Redemption Day (i.e. until 1 July 2021 Redemption Day), subject to further postponement if, on that day, a Cell’s outstanding redemption requests have an aggregate Redemption Value which exceeds the Available Cash held by the Cell as at such Redemption Day. Any such deferred redemptions will generally have priority over subsequent redemption requests, in accordance with the terms of the Fund’s Articles of Incorporation.

The outstanding redemption requests for each Continuing Cell are set out here.

© EEA Fund Management (Guernsey) Limited 2015.
Telephone calls may be recorded