Primus Guaranty Ltd. (fka PRSG)

[Enterprising Investor]

Shareholder Update (10/04/19)

The Liquidators’ team are in the process of:

Consolidate funds from various bank accounts into one bank account;

Coordinating with tax advisers on the tax impact of any distributions to shareholders (mainly comprised of U.S. residents) from the Company registered in Bermuda;

Making payments to service providers including liquidation expenses;

Preparing statutory documents for a first and final distribution and a final general meeting of the Company.

The liquidators’ team is targeting to complete processes (i) to (iii) above before 30 November 2019.

Note that the Liquidators have not received a response from investors on the claim against the Foreign Exchange Anti-Trust Settlement, as mentioned in the Shareholder Update of 2 April 2019.

http://www.primusfinancial.com/