SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
July 16, 1996
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Date of Report (Date of earliest event reported)
DIGNITY PARTNERS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-27736 94-3165263
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(State of other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) No.)
1700 Montgomery Street, Suite 250, San Francisco, CA 94111
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (415)394-9469
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Item 5. Other Events.
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On July 16, 1996, the Company issued a press release
indicating temporary withdrawal from the market for policies insuring AIDS
and HIV patients. The press release is filed herewith as Exhibit 99.1.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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(c) Exhibits
99.1 Text of Press Release dated July 16, 1996.
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SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this Report to be signed on its behalf by
the undersigned thereunto duly authorized.
DIGNITY PARTNERS, INC.
By /s/Alan B. Perper
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Alan B. Perper
President
Date: July 17, 1996
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EXHIBIT INDEX
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Sequential
Exhibit Number Document Description Page Number
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99.1 Text of Press Release dated July
16, 1996.
FOR IMMEDIATE RELEASE
JULY 16, 1996
DIGNITY PARTNERS ANNOUNCES TEMPORARY WITHDRAWAL FROM MARKET FOR
POLICIES INSURING AIDS AND HIV PATIENTS
SAN FRANCISCO - (JULY 16, 1996)Dignity Partners, Inc. (DPNR)
today announced that, in light of the data presented at the International AIDS
conference in Vancouver, British Columbia, the Board of Directors determined
that the Company will temporarily cease processing new applications for viatical
settlements for people afflicted with AIDS and HIV while it further analyzes the
research results. The Company noted that in excess of 95% of its historical
business involved policies insuring people with AIDS or HIV. The Company
indicated that, although the medical developments announced at the AIDS
conference are welcome news for many, if the treatments are effective in the
long term, the Company's results will be adversely affected.
Dignity Partners, Inc. is a nationwide specialty finance services
company that provides viatical settlements for terminally ill persons.
A viatical settlement is the payment of cash in return for an ownership
interest in, and the right to receive the death benefit from, a life insurance
policy, (KEYWORD CALIFORNIA AND INDUSTRY KEYWORD: INSURANCE EARNINGS).
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CONTACTS:
DIGNITY PARTNERS, INC., SAN FRANCISCO
John Ward Rotter, 415/362-9469
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