TOD Beneficiary Designations

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We’ve received a number of inquiries from investors in IRAs regarding the beneficiary designations. The PHT’s TOD Beneficiary designations will not work for IRAs. An investor who holds his or her LPI investments in an IRA cannot use our beneficiary form. The IRA custodians have forms that investors can use to designate beneficiaries. If an investor through an IRA wants …

Clarifying “Book Value”

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We’ve had a few investors ask us to clarify what is meant by the PHT’s “book value” and how that relates to their likely recovery from the PHT. To clarify, as we pointed out in the December 2017 investor newsletter, a company’s book value is simply the total value of its assets minus its outstanding liabilities at a particular point …

Contrarian Offer

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The Trustee has learned that holders of PHT units have received an offer from Contrarian Capital Management to purchase the holders’ PHT units. Transfers of PHT units are subject to the transfer restrictions set forth in the Position Holder Trust Agreement. Also, transfers of PHT units will only become effective as of the next June 30 or December 31 to …

Tax documents for the PHT and IRA Partnership

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We are in the process of mailing out the tax documents for the PHT and IRA Partnership. We started mailing the grantor trust letters on March 15 and should have the rest of them out during the week of March 19. We expect to complete the mailing of the K-1s for the IRA Partnership by March 23. Please note that …

PHT Website Enhancements

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In recent weeks, we’ve made a number of revisions to the PHT website in order to make this site more accessible and easier to navigate. One significant change was made in response to investor requests for improved visibility into maturities. We have added new tools to the Maturities Tables published on the site so they are now sortable and searchable, …

2017 Form 1099s delivered this week

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The Position Holder Trust is in the process of delivering Form 1099s for 2017. These forms reflect payments by either Life Partners, Inc. or the Position Holder Trust during 2017. As with the Form 1099s sent for 2016, we report the gross amount paid only. We cannot determine how much of the payment is taxable to the recipient. The amount …