Abacus Global Management Completes Landmark $400 Million Securitization

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ORLANDO, Fla. — Abacus Global Management, Inc. (“Abacus” or the “Company”) (NYSE: ABX), a financial services company specializing in alternative asset management, with a focus on longevity-based assets and personalized financial planning, today announced the closing of a dual-tranche securitization collateralized by a diversified portfolio of life insurance policies. The total structure is valued at over $400 million including the Class A and Class B notes and the residual interest. The notes have received an investment-grade rating from a third-party rating agency. The offering was oversubscribed and was upsized in response to investor demand. Read More

Should Glen, 45, with little savings and $100,000 remaining on his mortgage, borrow to invest in an RRSP?

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Q. Is borrowing to invest in a registered retirement savings plan (RRSP) a good idea for me? I’m 45 years old and earn $110,000 annually. My wife works part time, earning about $32,000 annually. We have no pension and very little in savings. I also have $100,000 remaining on our mortgage which is at 4.3 per cent for two more years. The house is worth about $750,000 in Northern Ontario. —Thanks, Glen Read More