Vida Longevity Investor Update - PowerPoint PPT Presentation

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Vida Longevity Investor Update

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Vida Longevity investors might be able to recover losses. – PowerPoint PPT presentation

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Updated: 18 March 2021
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Title: Vida Longevity Investor Update


1
VIDA LONGEVITY INVESTOR UPDATE
2
In a notice sent to investors dated February 19,
2021, Vida Capital and Vida Longevity Fund
disclosed that it decided to prorate redemption
payments to Vida investors at a rate of
approximately 65 of the requested redemption
amount.
3
However, this percentage may be further reduced
by an additional, approximate 10, for a net
payout of only about 55 of the requested
redemption amount, according to Vida.
  • Vida indicated that the additional reduction is
    due to its ef orts to comply with certain ERISA
    requirements.

4
The Goldman Scarlato Penny investor rights
attorneys have not been able to independently
verify, as of the date of this posting, Vidas
representations regarding the reasons for the
reduced payout.
5
In addition, Vida further indicated that it
anticipates that the current redemption queue
for the Fund may lead to additional reductions in
payout percentages for Class A Limited Partners
who are not Benefit Plan investors.
6
Vidas year-end report to investor indicates that
Vida anticipates estimated aggregate redemption
payouts for first half of 2021 to be in the
70-75 range for March 31, 2021, and only 35-40
for June 30, 2021
7
Given that Vida is only able to pay 65 of the
redeeming investors investments, and based on
the 10 of the NAV threshold that triggers the
reduction in the redemption percentage, it
appears that Vida investors holding in excess of
approximately 250,000,000 in investments in
Vida Longevity Fund have asked for redemptions by
Q4 2020.
8
This number, calculated by the Goldman Scarlato
Penny attorneys, is derived from a total
reported NAV of approximately 1.65 bil ion at
the end of Q4 2020, and the 10 threshold that
triggers the redemption percentage
reduction. If the calculation is correct, this
would be a stunning volume of redemptions and
could have pose significant chal enges to Vida,
particularly when added to the reported 209.8
mil ion in losses in Q4 2020 alone.
9
SECURITIES LAWYERS ARE PREPARING TO TAKE ACTION
ON BEHALF OF VIDA INVESTORS
The Goldman Scarlato Penny PC law firm
attorneys are currently investigating the sales
practices and recommendations by financial
industry members and other investment advisors
who recruited investors to invest in Vida
securities.
10
CONCERNED ABOUT YOUR INVESTMENTS IN VIDA OR HAVE
USEFUL INFORMATION?
11
DISCUSS WITH A SEASONED SECURITIES ATTORNEY TODAY
12
CALL 888-998-0530
email rosca_at_lawgsp.com
  • or leave a message on investorlawyers.org
  • Attorney Alan Rosca and his col eagues often
    represent investors nationwide in cases arising
    out of investment fraud or misconduct.

13
FREE CASE EVALUATION There is no upfront fee or
down payment No fees or costs are charged if
there is no recovery
14
Attorney Advertising. Visit investorlawyers.org/vi
da-longevity-fund-investor-center/ for
additional information and important disclosures
about the GSP attorneys' admission to practice
law.
15
LEGAL DISCLAIMER CONTINGENCY FEE REPRESENTATION
NO RECOVERY, NO FEES (whenever permitted) The
Goldman, Scarlato Penny law firm represents
investors nationwide in securities arbitration
and litigation matters. That means we can help
you regardless of where you live. Our various
attorneys are admitted to practice law in
Pennsylvania, New York, New Jersey, and Ohio
only, respectively, as stated on their respective
pages on investorlawyers.org, and depending on
each state and type of case on behalf of clients
may affiliate with local co-counsel for pro hac
vice admission, at no additional cost to
clients. This brochure contains attorney
advertising / advertising material. The
responsible attorney for the content of this
brochure is Alan Rosca, Esq., unless otherwise
specifically indicated. His office address is in
the Cleveland, Ohio area, and he is licensed to
practice law in Ohio only, as detailed on his
page on investorlawyers.org. Each case is
different, and prior results do not guarantee or
indicate a similar outcome in any future case.
The information you review in this brochure is
not, nor is it intended to be, legal
advice. You should consult an attorney for
individual advice regarding your case. We do not
enter into attorney-client relationship through
this material, or through your communication with
us on our website. By reading the information in
this brochure you agree that an attorney-client
relationship with GSP is formed only upon the
execution by both parties of an attorney- client
agreement. Any investigation referenced in this
material is independent and conducted by the
Goldman, Scarlato Penny law firm privately. Any
information or statements contained in this
presentation, regarding pending or past
investigations, is derived from public records
and should be viewed as allegations, not
statements of facts, unless specifically
indicated otherwise. Please check the Legal
Disclaimer page on investorlawyer.org for
important disclaimers. Visit investorlawyers.org
for additional disclosures and important
information. Goldman Scarlato Penny P.C. Law
Firm.
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