GWG Holdings Announces Adjournment of Combined 2020/2021 Annual Meeting of Stockholders

Rhea-AI Summary

GWG Holdings, Inc. (Nasdaq: GWGH) has announced the adjournment of its Combined 2020/2021 Annual Meeting of Stockholders, now set for June 29, 2021. This action allows time for distributing proxy materials to stakeholders and gives them the opportunity to review these materials ahead of the vote. The meeting will take place at 10:00 a.m. Central Daylight Time at the company's Dallas headquarters. GWGH specializes in providing liquidity solutions for illiquid investments and manages a diverse portfolio, including $1.9 billion in life insurance benefits.

Positive

• The adjournment allows stockholders adequate time to review proxy materials before voting.
• GWGH manages a significant portfolio, including $1.9 billion in life insurance policy benefits.

Negative

• The adjournment indicates potential delays in important stockholder decisions.

DALLAS, May 28, 2021 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq: GWGH) today announced that its Combined 2020/2021 Annual Meeting of Stockholders has been adjourned to June 29, 2021 to permit time for GWGH to distribute proxy materials to stockholders of record as of the close of business on March 31, 2021, the record date for the meeting, and to provide stockholders with time to review the proxy materials before making a voting decision on the matters to be acted on at the meeting. The adjourned meeting will be reconvened at 10:00 a.m., Central Daylight Time, at the Company’s principal executive offices located at 325 North St. Paul Street, Suite 2650, Dallas, Texas 75201, on June 29, 2021.

About GWG Holdings, Inc.

GWG Holdings, Inc. (Nasdaq: GWGH) is an innovative financial services firm based in Dallas that is a leader in providing unique liquidity solutions and services for the owners of illiquid investments. Through its subsidiaries, The Beneficient Company Group, L.P. and GWG Life, LLC, GWGH owns and manages a diverse portfolio of alternative assets that, as of September 30, 2020, included $1.9 billion in life insurance policy benefits, and exposure to a diversified and growing loan portfolio secured by 122 professionally managed alternative investment funds.

For more information about GWG Holdings, email info@gwgh.com or visit www.gwgh.com.
For more information about Beneficient, email askben@beneficient.com or visit www.trustben.com.

The information on GWG Holdings’ and Beneficient’s websites is not a part of, or incorporated by reference in, this press release.

Media Contact:
Dan Callahan
Director of Communication
GWG Holdings, Inc.
(612) 787-5744
dcallahan@gwgh.com

FAQ

What is the new date for GWGH's Annual Meeting of Stockholders?

The Combined 2020/2021 Annual Meeting of Stockholders for GWG Holdings has been rescheduled to June 29, 2021.

Where will GWGH's Annual Meeting take place?

The meeting will be held at GWG Holdings' principal executive offices in Dallas, Texas.

Why was GWGH's Annual Meeting adjourned?

The meeting was adjourned to allow time for distributing proxy materials to stockholders and for them to review these materials.

What is the portfolio value managed by GWGH?

As of September 30, 2020, GWGH's portfolio included $1.9 billion in life insurance policy benefits.

What time is GWGH's adjourned meeting scheduled for?

The adjourned meeting is set for 10:00 a.m. Central Daylight Time.