Investors in suspended traded life policy fund EEA Life Settlements will share £56m in proceeds from the sale of some of its assets, though a shareholder group has voiced concerns the deal strips future value from the fund.
An undisclosed purchaser of 188 of the fund's US life insurance policies, all with estimated maturity dates of more than four years, bought the dollar denominated assets for $130m (£83.3m). The board...
'Elaborate breach of trust'
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