GWG Holdings Announces Combined 2020/2021 Annual Meeting of Stockholders To Be Rescheduled

Rhea-AI Summary

GWG Holdings, Inc. (Nasdaq: GWGH) has announced the cancellation of its Combined 2020/2021 Annual Meeting of Stockholders, originally scheduled for May 28, 2021. This decision allows the company additional time to distribute proxy materials to its stockholders. A new meeting date will be communicated once established. GWGH is known for providing liquidity solutions for owners of illiquid investments, with a portfolio that includes $1.9 billion in life insurance policy benefits.

Positive

• The cancellation allows additional time for stockholder notification and proxy distribution.
• $1.9 billion in life insurance policy benefits enhances the company's asset base.

Negative

• Cancellation of the Annual Meeting may raise concerns about governance and transparency.

DALLAS, July 26, 2021 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq: GWGH) today announced that its Combined 2020/2021 Annual Meeting of Stockholders originally convened and adjourned on May 28, 2021 has been cancelled to permit time for GWGH to distribute proxy materials to stockholders. The Company will provide notice of the new meeting date once it has been established.

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

Why was the GWGH Annual Meeting canceled?

The Annual Meeting was canceled to allow more time for the distribution of proxy materials to stockholders.

When will the rescheduled GWGH Annual Meeting take place?

A new date for the rescheduled Annual Meeting will be announced once established.

What are the key assets held by GWG Holdings?

GWG Holdings has a portfolio that includes $1.9 billion in life insurance policy benefits and a diversified loan portfolio.

What is the business focus of GWG Holdings?

GWG Holdings focuses on providing liquidity solutions for owners of illiquid investments.