Magna Life Settlement Fund

The investment objective of the fund is to deliver consistent, long-term returns by investing in and actively managing a portfolio of Life Settlements issued by life insurance companies in the United States scoring at least an “A” rating with A.M. Best or an equivalent or higher rating.

The Fund may invest in the other vehicle(s), structure(s) or instrument(s) incidental or related to Life Settlements. Life Settlements are transactions involving the purchase of (a) a non-contestable life insurance policy  from an elderly insured whose state of health is impaired by one or more recognized medical conditions and whose life expectancy can be reasonably projected using standard actuarial models, and (b) the establishment and management of appropriate reserves for payment of premiums over the remaining term of the such acquired Policy.