Maple Life Financial Inc. and MLF LexServ L.P. Retained as Exclusive Marketing and Sale Agent and Servicer
BETHESDA, Maryland, May 29/PRNewswire/ --
Maple Life Financial Inc. and its affiliate MLF LexServ L.P. have been
retained by the current owner of the former Ritchie Risk Linked Trading
Strategies (Ireland) Ltd. life settlement portfolio to provide services with
respect to the US$2.3 billion face amount of life insurance policies
purchased in February 2008 pursuant to a bankruptcy sale auction.
Maple Life Financial Inc. has been retained as the exclusive marketing
and sales agent for the disposition of a significant portion of the
portfolio. It is anticipated that the assets will be sold in a series of
portfolio transactions over the next nine months.
MLF LexServ L.P. has been hired to provide servicing and asset management
services for the almost 900 acquired policies. The addition of the assets
raises MLF LexServ L.P.'s face value serviced to nearly US$6.5 billion.
Maple Life Financial Inc. is dedicated to helping institutional investors
achieve their objectives in mortality based products. Maple Life Financial
Inc. is one of the country's most highly respected life settlement providers.
Maple Life Financial Inc. is headquartered in Bethesda, MD.
MLF LexServ L.P. is one the nation's leading servicers of life settlement
policies providing portfolio servicing and asset management services to
institutional investors. MLF LexServ L.P. is headquartered in Bethesda, MD.
Web site: http://www.maplelifefinancial.com
Source: Maple Life Financial Inc.
Todd Paradis of Maple Life Financial Inc., +1-301-347-4479
2008-05-28 21:01:33 0372326 PRNEWSWIRE