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 …

Immediate Action Required

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The PHT has been unable to contact the following investors or their representatives: Click Here If your name is on this list, you must update your contact information immediately. You will not be entitled to receive distributions until you provide the PHT with a current address. Under the Plan, you will forfeit your right to receive a distribution if you …

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 …