EEA Life Settlements shareholders approve fund restructure

In total, 65% of investors cast a vote at the meeting, with 96% of them approving the restructure which will be implemented in early November. The board said: "The board will now proceed as soon as possible to seek the necessary regulatory approvals required pursuant to the Collective Investment Schemes (Class B) Rules 1990. The anticipated effective date of the restructuring is still 1 November 2013. A further announcement will be made as soon as an update is available." In September investors were told their approval was needed by the board so it could present its restructuring prop...