Meteor Senior Life Settlements

The Meteor Senior Life Settlements Sterling Fund is part of EEA Life Settlements Fund PCC Limited (“EEA”).

Latest News:

Current Prices

The current Net Asset Values “NAV”s or share prices of the four Meteor cells as at 30th June 2017 are as follows:

Meteor Senior Life Settlements Sterling Fund (Option 1) Continuing Shares      £99.50

Meteor Senior Life Settlements Sterling Fund (Option 1) Run-Off Shares           £99.27

Meteor Senior Life Settlements Sterling Fund II (Option 2) Continuing Shares   £88.96

Meteor Senior Life Settlements Sterling Fund II (Option 2) Run-Off Shares        £88.88

NAVs are calculated and published by EEA on a monthly basis, usually at the end of the month following that to which they refer

Run-Off Shares - Redemptions

To date, EEA has redeemed to 57.3% of the Run-Off Shares for Option 1 and 56.5% for Option 2. The most recent redemption was in April 2017 with the proceeds being paid in May 2017. 

Details of the redemptions made to date and an outlook for future distributions is included in our “Your questions answered” document about Run-Off Shares, which can be located here

EEA’s June 2017 factsheet indicates that the Available Cash in both Meteor Run-Off Cells was around 0.35% of the respective NAVs of those Cells.

Continuing Shares – Redemptions 

For Option 1, EEA has met all outstanding requests in respect of the December 2015, March 2016, June 2016 and October 2016 Redemption Days, as well as 35.80% of the requests in respect of the January 2017 Redemption Day. No redemptions have been made in respect of any subsequent Redemption Days.

For Option 2, EEA has met all outstanding requests in respect of the December 2015, March 2016, June 2016 Redemption Days as well as 9.45% of the requests in respect of the October 2016 Redemption Day. No redemptions have been made in respect of requests made for any subsequent Redemption Days.

EEA’s June 2017 factsheet indicates that the Available Cash in both Meteor Continuing Cells was around 0.35% of the respective NAVs of those Cells.

Redemptions to date and the priority EEA gives to requests is explained in more detail in our "Your questions answered” document.

The first Redemption Day in respect of which new requests can be made is the 2nd January 2018 Redemption Day. Any such request must be received by Meteor no later than 22nd  September 2017.  A form on which you can submit your request can be downloaded here

EEA Updates

At around the same time as EEA publishes its monthly share prices, it also provides a factsheet giving more information about the Fund and the cash held in each Cell. On a quarterly basis it provides an update and Portfolio Statistics, which contains more detailed information. These documents as well as other ad-hoc announcements of new developments can be found on its website at http://www.eeafmg.gg/eea-life-settlements-fund/

This information should be read in conjunction with previous Meteor updates as well as the regular six-monthly Statements and other information previously provided by Meteor.