2018 News Releases

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Brian Bailey Joins GWG Holdings as Chief Investment Officer; Craig Opp Named Company’s General Counsel

Minneapolis, Aug. 23, 2018 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq: GWGH), a financial services company transforming the life insurance industry through disruptive and innovative products and services, announced that Brian Bailey has joined the company as its Chief Investment Officer. Bailey joins GWGH after serving as Managing Director of Beal Bank's Longevity Group for the past nine years where he focused on providing capital solutions to institutional investors in the life insurance

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GWG Holdings Reports Results for Second Quarter Ended June 30, 2018

Completes Initial Closing with The Beneficient Company Group Receives $50 Million Investment Declares Special Cash Dividend of $4.30 per Common Share MINNEAPOLIS, Aug. 14, 2018 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq: GWGH), a financial services company transforming the life insurance industry through disruptive and innovative products and services, today announced its financial and operating results for the second quarter ended June 30, 2018 and other material developments. Strat

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GWG Holdings Completes Initial Closing of $695 Million Strategic Transaction with The Beneficient Company

Initial Closing includes $50 Million Investment in GWGH Preferred Stock Highlights of the Transaction: The $695 million strategic transaction, structured as a two-part closing, is a transformative transaction for GWG Holdings, Inc. (GWGH). The initial closing of the transaction exchanged $453 million in assets among GWGH, The Beneficient Company Group, L.P. (BEN) and Seller Trusts and paves the way for a final closing of an exchange of an additional $242 million in assets anticipated

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GWG Holdings Announces New Date for Second Quarter 2018 Earnings Release and Webcast/Conference Call

MINNEAPOLIS, Aug. 08, 2018 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), the parent company of GWG Life, a financial services company transforming the life insurance industry through disruptive and innovative products and services, announced that its second quarter 2018 financial results will be released Wednesday, August 15, 2018, before the U.S. market opens. The Company will then host a webcast/conference call on the same day at 4:15 p.m. EDT to discuss the results. There will be

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GWG Life Partners with Amada Senior Care to Help Seniors Find Resources in Retirement

MINNEAPOLIS, Aug. 02, 2018 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), the parent company of GWG Life, announced it is partnering with the senior care franchise system Amada Senior Care. This new partnership will give Amada’s clients access to GWG Holdings’ LifeCare Xchange (lcx.gwglife.com) to help pay for their long-term care needs.

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GWG Holdings to Report Second Quarter 2018 Financial Results

MINNEAPOLIS, July 30, 2018 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), the parent company of GWG Life, a financial services company transforming the life insurance industry through disruptive and innovative products and services, announced that it will release its second quarter 2018 financial results on Friday, August 10, 2018, before the U.S. market opens. The Company will host a webcast on Monday, August 13, 2018 at 4:15 p.m. EDT to discuss the results. The call will be webcast

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GWG Holdings Reaches Key Milestone of More Than 1,000 Policies in its Life Insurance Portfolio

MINNEAPOLIS, July 19, 2018 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), the parent company of GWG Life, a financial services company that is transforming the life insurance industry through disruptive and innovative products and services, announced its portfolio exceeded 1,000 life insurance policies representing more than $1.85 billion in face value of benefits, a milestone that demonstrates the growth and stability the 12-year-old company has achieved in the life insurance secondary

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GWG Holdings and The Beneficient Company Extend Master Exchange Agreement with the Expectation of an Initial Closing of Their Strategic Transaction

MINNEAPOLIS, June 29, 2018 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH) today reported that it has agreed with The Beneficient Company Group, L.P. (“BEN”) and other parties to amend their Master Exchange Agreement, as previously amended on April 30, 2018, to extend the Closing Conditions Date to July 30, 2018. GWG Holdings and BEN anticipate an initial closing encompassing a significant portion of the economics of their strategic transaction in short order, subject to a further amen

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Life Epigenetics Forms Advisory Board of Experts in Science, Technology, and Insurance to Guide the Growth of the Company

Minneapolis, June 05, 2018 (GLOBE NEWSWIRE) -- Life Epigenetics, the insurtech subsidiary of GWG Holdings, Inc. (Nasdaq:GWGH), announced it has formed an Advisory Board that includes experts in machine learning, artificial intelligence, epidemiology, aging, insurance regulation, and actuarial underwriting. The Advisory Board will provide counsel to the company as it grows its insurtech initiative.

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GWG Holdings Announces Election of New Board Member Thomas J. Donohue, Jr., Retirement of Board Member C.H. Maguire

MINNEAPOLIS, May 23, 2018 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), a financial services company committed to transforming the life insurance industry through disruptive and innovative products and services, announced the election of Thomas J. Donohue, Jr. as a new member of the company’s Board of Directors, and the retirement from the board of C.H. Maguire III.

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GWG Holdings Reports Results For First Quarter Ended March 31, 2018

MINNEAPOLIS, May 11, 2018 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), a financial services company committed to transforming the life insurance industry through innovative products and services, today announced its financial and operating results for the first quarter ended March 31, 2018. Highlights for the Quarter Realized $15 million in face value of policy benefits from its portfolio of life insurance assets, the sixth consecutive quarter that benefits realized exceeded p

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The Sabes Fund for Genomics and Life Epigenetics Announce 2018 Winners of GenoPitch Grants to University of Minnesota Researchers

Winning Projects Study Skull-Expanding Electric Fish in the Amazon River and Ways to Stop the Spread of Antibiotic-Resistant Superbugs MINNEAPOLIS, May 10, 2018 (GLOBE NEWSWIRE) -- The Sabes Fund for Genomics in partnership with Life Epigenetics, the insurtech subsidiary of GWG Holdings, Inc. (Nasdaq:GWGH), announced two winners of $2500 awards for genomics pilot projects as part of the GenoFling Program held at the University of Minnesota on April 13.

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GWG Holdings to Report First Quarter 2018 Financial Results

MINNEAPOLIS, April 30, 2018 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), the parent company of GWG Life, a financial services company committed to transforming the life insurance industry through disruptive and innovative products and services, announced that it will release its first quarter 2018 financial results on Friday, May 11, 2018, before the U.S. market opens. The Company will host a webcast on Monday, May 14, 2018 at 4:30 p.m. EDT to discuss the results. The call will be

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GWG Holdings Reports Results for Fourth Quarter and Full Year 2017

MINNEAPOLIS, March 29, 2018 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), a financial services company committed to transforming the life insurance industry through disruptive and innovative products and services, today announced its financial and operating results for the fourth quarter and full year ended December 31, 2017. Highlights for the Year Reported record $65 million in benefits realized from its portfolio of life insurance assets, which totaled $1.7 billion in policy

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GWG Holdings to Report 2017 Financial Results

MINNEAPOLIS, March 15, 2018 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), the parent company of GWG Life, a financial services company committed to transforming the life insurance industry through disruptive and innovative products and services, announced that it will release fourth quarter and full year 2017 financial results on Thursday, March 29, 2018, before the U.S. market opens. The Company will host a webcast/conference call the same day at 4:30 pm EDT to discuss the results.

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Consumers Say They Would Submit a Saliva Sample to Get a Better Price for Life Insurance, Survey Finds

MINNEAPOLIS, Feb. 28, 2018 (GLOBE NEWSWIRE) -- Consumers are ready to submit a saliva sample if it meant they could obtain a better price for their life insurance or even just to streamline the process of applying for an insurance product. Insurance customers would provide saliva for better price - Life Epigenetics

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GWG Holdings to Partner with The Beneficient Company Group In a Strategic Transaction Valued at Up to $800 Million Including a $150 Million Cash Investment in GWG Holdings

Transaction and Partnership Highlights The transaction brings together GWG Holdings (GWGH), a leading innovator in the life insurance industry, and The Beneficient Company Group, L.P. (BEN), designed to be one of the most innovative service and liquidity providers in the rapidly expanding alternative asset industry The strategic partnership to provide GWGH with a significant increase in assets, common shareholder equity and a new source of earnings and cash flow GWGH to continue exe

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Artificial Intelligence and Machine Learning Expert Dr. Randal S. Olson Joins GWG Holdings’ Insurtech Subsidiary Life Epigenetics as Lead Data Scientist

Minneapolis, Jan. 11, 2018 (GLOBE NEWSWIRE) -- Life Epigenetics, the insurtech subsidiary of GWG Holdings, Inc. (Nasdaq:GWGH), announced that Dr. Randal S. Olson has joined the firm as its Lead Data Scientist.  Dr. Olson will bring machine learning, artificial intelligence and advanced data science to the company’s epigenetic technology that promises to be transformational to life insurance underwriting.

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