September 7, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Life Partners Holdings, Inc. (NASDAQ: LPHI), the parent company of Life Partners, Inc., said that its board of directors has authorized a special cash dividend payment of $0.25 cents per share to shareholders of record as of the close of business on October 15, to be paid on or about October 29.

According to Life Partners, the special dividend will be in addition to the company’s regular $0.25 quarterly dividends, which are scheduled to be paid on or about September 15 and December 15, 2010.

Texas-based Life Partners is engaged in the secondary market for life insurance, commonly called "life settlements".

Since its incorporation in 1991, Life Partners said it has completed over 119,000 transactions for a worldwide client base of over 26,000 individuals and institutions in connection with the purchase of over 6,300 policies totaling almost $2.6 billion in face value.

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