GWG Holdings Clears Final Regulatory Hurdle for Transaction with The Beneficient Company
December 06 2018 - 6:00PM
GWG Holdings, Inc. (Nasdaq:
GWGH) announced
today that it has received clearance from the Securities and
Exchange Commission (SEC) to file with the SEC and mail to its
stockholders a definitive Information Statement on Schedule 14C
relating to its transaction with The Beneficient Company Group,
L.P. (BEN) and associated parties.
GWGH anticipates that the transaction will close by December 27,
2018, twenty-days after the mailing of the definitive Information
Statement.
About GWG Holdings, Inc.
GWG Holdings, Inc. (Nasdaq: GWGH), the parent company of
GWG Life, Life Epigenetics and YouSurance, is a leading provider of
liquidity to consumers owning life insurance policies, an owner of
a portfolio of alternative assets, and the developer of epigenetic
technology for the life insurance industry and beyond. GWG Life
provides value to consumers owning illiquid life insurance products
across America, delivering them more than $564 million for their
policies since 2006. GWG Life owns a life insurance policy
portfolio of $1.96 billion in face value of policy benefits as of
September 30, 2018. Life Epigenetics is commercializing epigenetic
technology for the life insurance industry and beyond. YouSurance,
a digital life insurance agency, is working to embed epigenetic
testing into life insurance purchasing to provide consumers a
value-added ecosystem that supports their health and wellness while
reducing the cost of their insurance.
For more information about GWG Holdings,
email info@gwgh.com or visit www.gwgh.com.
About The Beneficient Company Group, L.P.
(BEN)
Based in Dallas, TX, BEN markets an array of lending and
liquidity products along with retirement fund products to
mid-to-high net worth individuals and to institutional investors.
In addition to these product offerings, BEN offers a variety of
services to individuals including fund administration, retirement
funds and insurance services for covering risks attendant to owning
or managing alternative assets. BEN will offer these services
to individuals and institutions through its U.S.-based
subsidiaries. For more information about BEN,
visit www.trustben.com.
Contact:
For GWG Holdings, Inc. Dan Callahan
Director of Communication 612.746.1935
For the Beneficent Company Group, L.P.
Mark Semer or Daniel Yunger Kekst CNC 212.521.4800
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