Condensed consolidated financial information for Lamington Road DAC is set forth below, presented at historical cost basis.

Lamington Road DAC

(Debtor-in-Possession)

Condensed and Consolidated Statements

Balance Sheet



	February 29, 2020		February 28, 2019
	(Unaudited)
	(In thousands except share data)
ASSETS
Assets
Cash and cash equivalents	$	—	$	21,742
Prepaid expenses and other assets	—		833
Investment in life settlements, at estimated fair value	—		494,732
Receivable for maturity of life settlements	—		36,754
Total assets	$	—	$	554,061

LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Accounts payable and accrued expenses	$	—	2,702
Other liabilities (subject to compromise)*	—		7,181
Revolving Credit Facility debt, at estimated fair value	—		365,499
Promissory notes payable (subject to compromise)*	—		146,393
Total liabilities	—		521,775

Share Capital (1 share of $1 authorized and issued)	—		—
Additional paid in capital	—		60,602
Accumulated deficit/retained earnings	—		(28,316		)
Total stockholders' deficit/equity	—		32,286
Total liabilities and stockholders' equity	$	—	$	554,061

*Liabilities subject to compromise include pre-petition unsecured claims, which may be settled at amounts different from those recorded in the condensed consolidated balance sheet.

Lamington Road DAC

(Debtor-in-Possession)

Condensed and Consolidated Statements of Operations



	For the Three Months Ended February 29,		For the Three Months Ended February 28,
	2020		2019
Change in fair value of life settlements (Notes 11 & 16)	$	—	$	(12,750	)
Other income	—		234
Total income	—		(12,516		)

Interest expense	—		2,400
Change in fair value of White Eagle Revolving Credit Facility (Notes 12 & 16)	—		14,608
Reorganization cost	—		1,901
Legal fees	—		587
Professional fees	—		428
Administrative service fees - affiliate	—		1,427
Other general and administrative expenses	—		98
Total expenses	—		21,449
Income taxes	—		—
(Loss) income	$	—	$	(33,965	)

Lamington Road DAC

(Debtor-in-Possession)

Condensed and Consolidated Statements of Cash Flows



	For the Three Months Ended February 29,		For the Three Months Ended February 28,
	2020		2019

Net cash used in operating activities	$	—	$	(4,951	)
Cash flows from investing activities
Premiums paid on life settlements	—		(25,247		)
Proceeds from maturity of life settlements	—		14,000
Net cash provided by/(used in) investing activities	$	—	$	(11,247	)
Cash flows from financing activities
Borrowings from White Eagle Revolving Credit Facility	—		4,221
Net cash provided by financing activities	$	—	$	4,221
Net increase (decrease) in cash and cash equivalents	—		(11,977		)
Cash and cash equivalents, at beginning of the period	—		33,719
Cash and cash equivalents, at end of the period	$	—	$	21,742
Supplemental disclosures of cash flow information:
Cash paid for interest during the period	$	—	$	2,400