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

Rhea-AI Summary

GWG Holdings (Nasdaq: GWGH) has adjourned its 2020/2021 Annual Meeting of Stockholders for the second time, now scheduled for July 27, 2021. This decision allows additional time for the distribution of proxy materials to stockholders recorded as of March 31, 2021. The meeting will be held at 10:00 a.m. CDT at the company’s Dallas offices. GWG Holdings specializes in providing liquidity solutions for illiquid investments, managing a significant portfolio of life insurance policy benefits and loans secured by alternative investment funds.

Positive

• Company specializes in innovative liquidity solutions for illiquid investments.
• As of September 30, 2020, GWG holds $1.9 billion in life insurance policy benefits.
• The company has exposure to a diversified loan portfolio through 122 managed alternative investment funds.

Negative

• The adjournment of the Annual Meeting signals potential delays in shareholder decisions.

DALLAS, June 29, 2021 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq: GWGH) today announced that its Combined 2020/2021 Annual Meeting of Stockholders has been adjourned for a second time, to July 27, 2021, to permit additional 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., CDT, at the Company’s principal executive offices located at 325 North St. Paul Street, Suite 2650, Dallas, Texas 75201, on July 27, 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 GWG Holdings' Annual Meeting of Stockholders?

The Annual Meeting for GWG Holdings is rescheduled to July 27, 2021.

Why was the GWGH Annual Meeting adjourned?

The meeting was adjourned to allow more time for distributing proxy materials to stockholders.

What is the significance of the record date for the GWG Holdings meeting?

The record date of March 31, 2021, determines which stockholders can vote at the Annual Meeting.

Where will the Annual Meeting for GWGH be held?

The meeting will take place at the company's headquarters in Dallas, Texas.