Life Settlement Assets PLC Dividend Declaration (1788H)

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RNS Number : 1788H

Life Settlement Assets PLC

23 March 2020

Life Settlement Assets PLC

(the "Company" or "LSA")

LEI: 2138003OL2VBXWG1BZ27

Dividend Declaration

The Company has received notification of various policy maturities with a face value of US$ 2,511,896 for the benefit of the A share class (LSAA); US$ 1,307,908 for the benefit of the D share class (LSAD) and US$ 583,717 for the benefit of the E share class (LSAE).

In light of these policy maturities, t he Board has today declared the following special dividends:

- for A Ordinary Shareholders, a special dividend of 6.267 cents per share totalling US$2.5 million

- for D Ordinary Shareholders, a special dividend of 15.922 cents per share totalling US$1.4 million

- for E Ordinary Shareholders, a special dividend of 38.299 cents per share totalling US$0.6 million

The above dividends will be paid on 28 April 2020 to all Shareholders on the share register on 3 April 2020.

Enquiries:

Acheron Capital Limited (Investment Manager)

Jean-Michel Paul

020 7258 5990

Shore Capital (Financial Adviser and Broker)

Robert Finlay

020 7601 6115

ISCA Administration Services Limited

Company Secretary

Tel: [phone]

Notes to Editors

LSA is 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. The life settlement market enables individuals to sell their life insurance policies to investors at a higher cash value than they would otherwise receive from insurance companies (if they were cancelled or surrendered at the date of sale). The Company aims to manage 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. LSA was is listed on the Specialist Fund Segment of the Main Market of the London Stock Exchange.

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March 23, 2020 05:55 ET (09:55 GMT)