EEA flirts with lifeline for trapped 'death bond' investors

The option, floated in EEA's just-published 2014 accounts, would be open to the around 60% of investors in the ‘run-off' share class, who are supposed to receive distributions from the struggling fund as its assets - second hand life insurance policies - slowly pay out. But EEA declined to commit to a timescale other than saying it could happen "in the future", and the share sale would be at a discount to the fund's already heavily marked-down net asset value (NAV). "It is intended, that in the future there will be an opportunity where new investors are sourced who are willing to purc...