PF Finans / Clarinova

The Company perceive the market situation favourable to invest in the asset class SLS, due to distressed prices.

A senior life settlement, SLS, is a financial transaction in which the owner of a life insurance policy sells his or her policy for an amount that is higher than the policy’s cash value, but lower than the policy’s face amount. The purchaser of the life insurance policy, usually a life settlement provider, becomes the beneficiary and assumes responsibility for the premium payments. Normally the Company purchase the SLS from a life settlement provider. The Company in turn, becomes the beneficiary, with the intention to earn a positive investment return after accounting for the purchase price of the settlement, the future premiums payable, and the ultimate timing of the receipt of the death benefit.

Life settlements in force at the end of 2009 had a face value of about USD 35 billion.

Life settlement securities may also be attractive as an investment in turmoiling siutations , because the returns on such securities may exhibit little correlation to the returns on other asset classes, such as stocks or corporate bonds.

Board of Directors, senior executives and auditors

The Board of Directors is currently composed of two Directors including the chairman.

The team of senior executives consists of Mr Bertil Olsson, Mr Bo Falkman and Ms Therese Swartling

The Company’s auditor is MKO Partners, Chartered Accountants, with Mr Diarmaid O'Keeffe, as auditor in charge.

Principal Shareholders

The Company’s principal shareholders are Mr Bertil Olsson and Mr Bo Falkman with 1.500.000 shares each.

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