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Imperial Holdings, Inc.
IFT, a specialty finance company
with a focus on providing liquidity solutions on individual life insurance
policies and purchasing structured settlement payments, today announced that
Washington Square Financial, LLC, a wholly-owned subsidiary of
Imperial, entered into a forward purchase and sale agreement to directly sell
up to $40.0 million of life contingent structured settlement receivables to
Compass Settlements LLC, an entity managed by Beacon Annuity Fund,
LP (“Beacon”), the financing counterparty under the Company's existing life
contingent structured settlement receivables facility.
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