Sundance Strategies, Inc. Engages US Capital Global as Strategic Advisor and Placement Agent for up to $500 Million Investment Facility

Funding Provides Sundance with the Support to Acquire and Securitize Life Insurance Policies into investment grade Bonds, with attractive yields

PROVO, UT, Sept. 22, 2020 (GLOBE NEWSWIRE) -- Sundance Strategies, Inc. (OTC: SUND), an innovative company engaged in converting related insurance contracts, policies and obligations into secure, investment grade, high yield Bonds, today announced a financing transaction that plans to syndicate a new bond fund of up to $500 million.

Sundance Strategies intends to use the proceeds from the transaction to execute its strategy of acquiring and securitizing minimum-risk life insurance policies with favorable financial terms to the company. The facility will be issued at an aggregate principal amount of a minimum of $250 million and maximum amount of $500 million, which will be sold incrementally to accredited institutional investors. The bonds will be issued in minimum denominations of $10 million, and integral multiples of $1 million above the minimum. Interest on the bonds will accrue and be payable semiannually, bearing interest at an annual fixed rate of 5%.

Subject to customary closing conditions, the proposed investment facility is expected to close in the fourth quarter 2020.

“This capitalization process, with US Capital Global, will serve as a significant catalyst for our vision of Sundance as a leader in the life insurance linked securities industry,” said Kraig Higginson, Executive Chairman of Sundance Strategies. “We believe there is significant demand, from conservative investors, for an accessible, low-risk vehicle into the life insurance linked, securities market.” “We believe that the insurance linked asset class we are bringing to back our bonds, will create a level of security to the investor, similar to, and possibly better than that of privately issued Mortgage Backed Securities,” said Higginson.

“The life settlements market continues to grow as an alternative asset class amongst policyholders and investors seeking favorable returns in this low-interest rate environment,” said Randy Pearson, President of Sundance Strategies. “Today’s announcement validates the confidence we have in our strategy, and provides us with ample resources needed to successfully execute. Ultimately, we expect that this transaction will be one of many follow-on transactions, and allows us not only to provide Bond investors with a great product, but to drive shareholder value over the long term.”