AGH 3.65 0.00 Vol 0 AGL 17 0.00 Vol 0 BAS 1.52 0.00 Vol 0 BFM 16.4 0.00 Vol 0 BG23B 98.0011 0.00 Vol 0 BPH 7 0.00 Vol 0 DEVON 3.55 0.00 Vol 0 LOM 2.5 0.00 Vol 0 NTB 35.5 0.00 Vol 0 ONE 3 0.00 Vol 0 POLAR 5 0.00 Vol 0 SOM 15.25 0.00 Vol 0 WHHL 4.06 0.00 Vol 0 WWW 21.5 0.00 Vol 0
Market Open:
American Pegasus SPC
P.O. Box 30592 S.M.B.
Cayside, 2nd Floor, Harbour Drive
Grand Cayman, Cayman Islands, BWI

Listed Since: 2007/01/08
Delisted on: 2011/10/27
Currency: USD
CUSIP: G5463B 131
ISIN: KYG5463B 131
Telephone: +1.415.874.3888
Fax: +1.415.874.3001
Email: americanpegasus@atcfunds.an

Fund Investment Objective:

 

The Portfolio's investment objective is to generate stable, predictable periodic distributions to its investors, through investing the Portfolio's assets in Senior Life Settlement insurance policies ("Life Settlements") issued by investment grade insurance companies located in the United States, U.S. Treasury obligations, and other investment pools that invest in Life Settlements.  The Portfolio's Shares will be listed on the BSX as soon as practicable following the initial offering of shares and will not be offered or traded on any other exchange.

The Portfolio generally seeks to generate a gross return of 20% per annum through investing and trading Life Settlements and U.S. Treasury Obligations.  The Portfolio will generally seek to pay a dividend which is 3% higher than the return on 10-year U.S. Treasury Notes.  The minimum dividend expected to be paid by the Fund is 4% per annum for each of the first 3 years.  Dividends paid out by the Portfolio may be higher or lower depending on the Portfolio's yearly performance.  At least 90% of the Portfolio's assets are expected to be invested in Life Settlements and U.S. Treasury Obligations.

The Life Insurance Policies

The Portfolio generally expects to invest in Life Settlements that are issued by insurance companies rated "A-" or better by A.M. Best or "BBB-" or better by Standard & Poor's.  The Portfolio expects to purchase policies with life expectancies ranging from 12 months to more than 10 years, although the Portfolio has not adopted any maximum life expectancy limits.  The Portfolio will not be forced to sell an insurance policy that has been purchased from an insurance company that has been downgraded after the Portfolio has made such a purchase.  All Life Settlements that the Portfolio purchases will be issued and administered in the United States.

U.S. Treasury Obligations

The Fund will invest in U.S. Treasury Obligations (such as Treasury bills, notes and bonds, which differ only in their interest rates, maturities and times of issuance) which are supported by the full faith and credit of the United States.

 

There are no limitations on the Portfolio's ability to utilize borrowing, leverage, derivatives or other financial techniques.  The Investment Manager expects that up to 20% of the Portfolio's assets may be invested in Life Settlements issued by any one single insurance company.      

Bloomberg Ticker: APAPPIN KY

The BSX Listing was cancelled, effective 27 October, 2011, under the BSX Regulations, Section I, Chapter 2, Regulation 2.24(1) & (4), namely for non-payment of listing fees; failure to submit financial reports; failure to appoint a replacement Listing Sponsor.

NAV History

DIRECTORY

TRADING HOURS

08:30-09:00 Price Discovery
09:00-16:30 Continuous Trading

CONTACT DETAILS

TEL: +1 (441) 292 7212
FAX: +1 (441) 292 7619
Email: info@bsx.com

LOCATION

30 Victoria Street
3rd Floor
Hamilton, Bermuda

MAILING ADDRESS

P.O. Box HM 1369
Hamilton HMFX

Disclaimer

 

The information contained in these pages has been obtained from sources which The Bermuda Stock Exchange believes are reliable. However, the accuracy of the information cannot and is not guaranteed and The Bermuda Stock Exchange makes no representation as to its accuracy or completeness. Neither this Web site, nor any information contained herein, constitutes advice or a solicitation to subscribe, purchase or sell any securities. The Bermuda Stock Exchange expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon any part of the contents of this site or any external sites referenced from this website.