The fund provided a update, available here LINK
Also a Fact Sheet and Portfolio update were made available LINK
NAV is down quite drastically (-8.625% for continuing cells and -8.73% for Run-Off)
There was only one policy maturity so far in 2025. However, the fund reported Unsettled cash of USD 10m, so it seems like it was a fairly chunky policy that matured.
With just 19 policies remaining the fund is now very small however the total Net Death Benefit is still USD 66m, so we should see c. USD 5-6m of premiums to pay and £2-3m of fees.
