GWG Holdings Introduces New $2 Billion L Bond Offering
July 01 2020 - 4:30PM
GWG Holdings, Inc. (Nasdaq:
GWGH), an
innovative financial services firm based in Dallas, announced today
that it has successfully reached $1 billion in sales and closed its
publicly registered L Bond offering, and is now raising capital in
a new $2 billion offering of L Bonds.
The new L Bond offering is priced at $1,000 per share and
provides fixed interest payments, paid monthly.
“We believe the closing of our $1 billion L Bond offering
demonstrates the confidence our investors have shown in our company
even through the COVID-19 pandemic,” said Murray Holland, GWGH’s
Chief Executive Officer. “We are excited to have a new $2 billion L
Bond offering available now that can provide the income, stability,
and return our advisors and investors have come to rely on from us
since 2009.”
Emerson Equity LLC is serving as the managing broker-dealer for
the offering, which is being sold through a network of
participating dealers and licensed financial advisors and
representatives.
The company also announced that its publicly traded stock was
once again included in the Russell 2000® Index, effective on
June 29, 2020.
The Russell 2000 measures the performance of the small-cap
segment of the U.S. equity market and is considered an important
bellwether for the U.S. economy. Membership in the small-cap
Russell 2000 Index is primarily determined by objective,
market-capitalization rankings and style attributes and the 2020
list is reconstituted from the 4,000 largest U.S. stocks as
of May 8, 2020, ranked by total market
capitalization.
About GWG Holdings
GWG Holdings, Inc. (Nasdaq: GWGH) is an
innovative financial services firm based in Dallas, Texas that is a
leader in providing investments that are non-correlated to the
traded markets, and 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 March
31, 2020, included $2 billion in life insurance policy benefits,
and exposure to a diversified and growing loan portfolio secured by
118 professionally managed alternative investment funds.
For more information about GWG Holdings,
email info@gwgh.com or
visit www.gwgh.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains forward-looking statements that
involve substantial risks and uncertainties. All statements, other
than statements of historical facts, included in this press release
regarding our strategy, future operations, future financial
position, future revenue, projected costs, prospects, plans and
objectives of management are forward-looking statements. The words
"anticipate," "believe," "estimate," "expect," "intend," "may,"
"plan," "would," "target" and similar expressions are intended to
identify forward-looking statements, although not all
forward-looking statements contain these identifying words. These
forward-looking statements include, among other things, statements
about our estimates regarding future revenue and financial
performance. We may not actually achieve the expectations disclosed
in our forward-looking statements, and you should not place undue
reliance on our forward-looking statements. Actual results or
events could differ materially from the expectations disclosed in
the forward-looking statements we make. More information about
potential factors that could affect our business and financial
results is contained in our filings with the Securities and
Exchange Commission, specifically including our registration
statement on Form S-1 and any amendments and post-effective
amendments thereto. Additional information will also be set forth
in our future quarterly reports on Form 10-Q, annual reports on
Form 10-K and other filings that we make with the Securities and
Exchange Commission. We do not intend, and undertake no duty, to
release publicly any updates or revisions to any forward-looking
statements contained herein.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any securities of GWG Holdings.
Offers and sales may only be made by means of a prospectus, a copy
of which may be obtained by sending a request to GWG Holdings at
invest@gwglife.com or via telephone at (877) 494-2388. A prospectus
may also be obtained at the SEC's website at www.sec.gov. This
press release is being issued pursuant to and in accordance with
Rule 134 under the Securities Act of 1933.
Media Contact:Dan CallahanDirector of
CommunicationGWG Holdings, Inc.(612)
787-5744dcallahan@gwgh.com
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