Offer to Purchase from Contrarian Funds, L.L.C.

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Contrarian Funds, L.L.C. (”Contrarian”) has made an Offer to Purchase up to 19,745,000 Units of Life Partners Position Holder Trust ( “PHT units”) and up to 35,545,000 Units of Life Partners IRA Holder Partnership, LLC (“IRA Partnership units”) at a price of $0.16 per unit for the PHT and IRA Partnership units. Contrarian has mailed you documents related to the …

Tender Offer from Life Settlement Liquidity Option LLC

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Life Settlement Liquidity Option, LLC (the “Offeror”) has made a tender offer to purchase up to 150,375,940 PHT units and up to 225,563,910 IRA Partnership units at a price of $0.133 per unit for the PHT and IRA Partnership units. The Offeror has mailed you documents related to the tender offer, including the forms you will need to submit if …

PHT Prevails in Ostreicher Litigation

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The PHT won a victory in its litigation with Shea Ostreicher over the proceeds of policy 77250, a $5 million policy that matured last year. On November 8, the bankruptcy court found that Ostreicher was in contempt of court by filing and continuing to prosecute his suit in New York. The court ordered Ostreicher to do the following things: · …

Third Quarter 10-Q

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We filed our third quarter 10-Q on November 13th. It is posted on the Investor Relations page and available for you to download.

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 …

The Investor Portal has been updated

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The Investor Portal has been updated so that Continuing Fractional Holders can now obtain current information regarding transactions in their escrow accounts, such as the deposit of premium contributions and payments of premiums to insurers. The new report (found under Purchaser Reports – After March 1, 2018) shows transactions after March 1, 2018. Details of earlier transactions can be found …