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 September 2019 are as follows:

Meteor Senior Life Settlements Sterling Fund (Option 1) Continuing Shares      £109.77

Meteor Senior Life Settlements Sterling Fund (Option 1) Run-Off Shares           £109.59

Meteor Senior Life Settlements Sterling Fund II (Option 2) Continuing Shares   £98.13

Meteor Senior Life Settlements Sterling Fund II (Option 2) Run-Off Shares        £98.11

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, Run-Off Shareholders have had an average of 70% of their Run-Off Shares redeemed, with the last redemption being at the March 2019 valuation.  The Available Cash position of Run-Off Cells as at the August 2019 valuation suggests that a further redemption does not appear imminently likely at the current time.

Details of the redemptions made to date is included in our “Your questions answered” document about Run-Off Shares, which can be located here. This will be updated after the redemption proceeds above have been received and paid.

Continuing Shares – Redemptions

For Option 1: Following the redemptions at the July 2019 Redemption Day, all requests made in respect of Redemption Days up to and including the April 2018 Redemption Day have been met in full and requests for the July 2018 Redemption Day have been met in part. The remaining July 2018 requests and all requests made in respect of later Redemption Days have been carried forward to the October 2019 Redemption Day.

For Option 2: Following the redemptions at the July 2019 Redemption Day, all requests made in respect of Redemption Days up to and including the October 2017 Redemption Day have been met in full and requests for the January 2018 Redemption Day have been met in part. The remaining January 2018 requests and all requests made in respect of later Redemption Days have been carried forward to the October 2019 Redemption Day.

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 1st April 2020 Redemption Day. Any such request must be received by Meteor no later than 13th December 2019. 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.