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LONDON - Life Settlement Assets PLC (LSA) announced Wednesday that shareholders approved all 11 resolutions proposed at its Annual General Meeting.
The London-listed investment trust, which specializes in U.S. life settlement policies, reported that each resolution received 27,236,075 votes in favor and 794,690 votes against, with the exception of Resolution 11, which passed unanimously with 28,030,765 votes in support.
The company did not disclose the specific nature of the resolutions in its statement.
Life Settlement Assets PLC invests in portfolios of whole and fractional interests in life settlement policies primarily issued by U.S. insurance companies. The firm’s business model focuses on generating long-term returns by managing these portfolios so that the value realized from policy maturities exceeds the combined costs of acquisition, ongoing premiums, and operational expenses.
The announcement was made via a regulatory news service filing with the London Stock Exchange (LON:LSEG).
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