Discount required by Section 5.05(c) of the Plan

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The Plan requires that the Continuing Fractional Holders (CFHs) pay premium calls within 60 days of the day the PHT sends an invoice. The failure of a CFH to timely pay a premium call on a position results in a premium default on that position. Upon a premium default, the CFH is deemed to have contributed its position to the …

Notice from the Creditors’ Trust

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The Creditors’ Trust recently served the attached notice on a number of the investors. The notice relates to claims against the Creditors’ Trust based on Former Positions. Former Positions are positions that investors no longer held as of May 19, 2015, such as where the underlying investment position had sold, lapsed or abandoned prior to May 19, 2015, the date …

Brent Berry Appointed to Board of Directors

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Brent Berry, a successful real estate investor and financial consultant, was appointed to the Board by unanimous vote on August 24, 2018. Mr. Berry is known to many of you as the operator of Life Settlement Evaluators, a company that assisted investors in the revaluation of their IRAs during the Life Partners bankruptcy proceedings. Previously, he enjoyed a long career …

Litigation over Policy 23150 Resolved

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The PHT has resolved the litigation regarding Policy 23150. During a court-ordered mediation, the PHT was able to settle the case for nuisance value. As a result, the PHT is now able to distribute the proceeds of this policy to the CFHs and to the PHT. We anticipate that we will include the proceeds of Policy 23150 in the September …