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 29th of March 2019 are as follows:

Meteor Senior Life Settlements Sterling Fund (Option 1) Continuing Shares      £111.37

Meteor Senior Life Settlements Sterling Fund (Option 1) Run-Off Shares           £111.25

Meteor Senior Life Settlements Sterling Fund II (Option 2) Continuing Shares   £99.57

Meteor Senior Life Settlements Sterling Fund II (Option 2) Run-Off Shares        £99.59

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

On 18th April 2019, EEA provided us with contract notes indicating that it had redeemed around 12.4% of remaining Run-Off Shares in the two Meteor Run-Off Cells on 8th April 2019. Including this latest redemption, Option 1 Shareholders will have had 70.26% of their Run-Off Shares redeemed and Option 2 Shareholders, 69.72%.We are expecting the proceeds of the redemptions to be paid to us in early May.

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. This will be updated after the redemption proceeds above have been received and paid.

Continuing Shares – Redemptions

On 18th April 2019, EEA provided us with contract notes indicating that it had redeemed Continuing Shares in both Meteor Continuing Cells at the April 2019 Redemption Day. The shares were redeemed at the prices prevailing at the 29th March 2019 valuation.

For Option 1: All remaining requests outstanding from the January 2018 Redemption Day were met alongside 54.50% of the requests originating from the April Redemption Day. The remainder of the April 2018 requests and all requests made in respect of later Redemption Days have been carried forward to the July 2019 Redemption Day.

For Option 2: 43.09% of remaining requests from the January 2018 Redemption Day were met. The remainder of the January 2018 requests and all requests made in respect of later Redemption Days have been carried forward to the July 2019 Redemption Day.

We are expecting the proceeds of the redemptions to be paid to us in early May.

Redemptions to date and the priority EEA gives to requests is explained in more detail in our "Your questions answered” document. This will be updated after the redemption proceeds above have been received and paid.

The first Redemption Day in respect of which new requests can be made is the 1st October 2019 Redemption Day. Any such request must be received by Meteor no later than 21st June 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.