The board of Life Partners Holdings Inc., a life settlement firm, has approved a 5-for-4 split of the company's common stock.
The split will be paid Dec. 31 in the form of a stock dividend to shareholders of record as of Dec. 21, according to Life Partners (Nasdaq GS: LPHI), Waco, Texas.
Life Partners says it has completed life settlement transactions with about $2.7 billion in total face value since it was established in 1991.
- Trevor Thomas
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