Maple Life Financial Inc. and MLF LexServ L.P. Retained as Exclusive Marketing and Sale Agent and Servicer
May 29, 2008 – 9:25 amBETHESDA, 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: www.maplelifefinancial.com
Todd Paradis of Maple Life Financial Inc., +1-301-347-4479
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