Attached files
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| 8-K - LIFE PARTNERS HOLDINGS INC | v211763_8k.htm |
LPHI
Distributes Life Settlement Trust Proceeds
through
Special Cash Dividend
WACO, TX — February 15, 2011 — Life
Partners Holdings, Inc. (Nasdaq GS: LPHI), parent company of Life
Partners, Inc., announces today’s payment of a special cash dividend payment of
$0.04 per share to shareholders of record as of January 31,
2011. Authorization of this special cash dividend was previously
announced on January 6, 2011.
LPHI
currently owns approximately 20% of the Life Settlement Trust which holds a
portfolio of 266 life settlements with a face value of $689 million. This
special dividend is based on the accumulated payouts from the Life Settlement
Trust and is in addition to the company’s regular quarterly
dividends.
The
company plans to review accumulated payouts from the trust on a quarterly basis
and to consider making a special dividend distribution when the payout
accumulation reaches at least $750,000 at the end of a quarter.
Life Partners is the world’s
oldest and one of the most active companies in the United States engaged in the
secondary market for life insurance, commonly called “life settlements.” Since
its incorporation in 1991, Life Partners has completed over 128,000 transactions
for its worldwide client base of over 27,000 high net worth individuals and
institutions in connection with the purchase of over 6,400 policies totaling
over $2.8 billion in face value.
Safe
Harbor - This press release contains certain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance and involve
risks and uncertainties, and that actual results may differ materially from
those projected in the forward-looking statements as a result of various
factors. The statements in this news release that are not historical
statements, including statements regarding future payment of special dividends,
are forward-looking statements within the meaning of the federal securities
laws. These statements are subject to numerous risks and
uncertainties, many of which are beyond our control, which could cause actual
results to differ materially from such statements. For information
concerning these risks and uncertainties, see our most recent Form 10-K. We
disclaim any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise,
except as may be required by law.
************
LPHI-D
FOR MORE INFORMATION,
CONTACT:
Shareholder
Relations (254) 751-7797 or info@lifepartnersinc.com
Visit our
website at: www.lphi.com
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