2016 News Releases

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GWG Grows Its Platform of Advisors and Agents As It Looks Ahead to 2017

MINNEAPOLIS, Dec. 28, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), a specialty finance company in the life insurance secondary market, has increased the number of financial advisors who are able to sell GWG’s investment products by more than 34 percent over the course of 2016. In addition to those 4,300 financial advisors from 107 firms across the U.S., GWG has more than 2,900 life insurance agents who have signed up to be able to source life insurance policies for GWG’s Appoi

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GWG Holdings to Present at the 9th Annual LD Micro Main Event Investor Conference December 7, 2016

MINNEAPOLIS, Nov. 30, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), a specialty finance company and a leading purchaser in the life insurance secondary market, is pleased to announce its participation in the three-day LD Micro Main Event December 6-8, 2016 at the Luxe Sunset Boulevard Hotel in Los Angeles, CA. Jon Sabes, Chief Executive Officer, and Bill Acheson, Chief Financial Officer, will be presenting at the conference on Wednesday, December 7th at 7:30AM Pacific Time. In

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GWG Holdings Reports Third Quarter 2016 Financial Results

MINNEAPOLIS, Nov. 08, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), a specialty finance company and a leading purchaser in the life insurance secondary market, today announced its financial results for the third quarter ended September 30, 2016. Highlights for the Three Months Ended September 30, 2016 GAAP Financial Information Total revenue of $13.9 million, up over 68% from the prior year Net loss attributable to common shareholders of $2.6 million, or $0.5

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GWG Announces Acquisition of Mortality Predictive Technology

MINNEAPOLIS, Nov. 03, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), a financial services company engaged in the life insurance secondary market, today announced that it exercised its option to secure the exclusive license for the “DNA Methylation Based Predictor of Mortality” technology from the University of California, Los Angeles (UCLA).  The technology was discovered by Dr. Steve Horvath and is featured in the September 2016 edition of “Aging”. In 2013, Dr. Horvath reported

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GWG Holdings to Report Third Quarter 2016 Financial Results

MINNEAPOLIS, Oct. 25, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (NASDAQ:GWGH) (“GWG” or “the Company”), a specialty finance company and a leader in the life insurance secondary market, announced that it will release third quarter 2016 financial results on Tuesday, November 8, 2016, before the U.S. market opens. The Company will host a conference call the same day at 4:00 pm ET to discuss these results. The conference call number for U.S. participants is (844) 423-9895 and the conference c

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GWG Presents Life Insurance Secondary Market ‘Rules of the Road’

MINNEAPOLIS, Oct. 19, 2016 (GLOBE NEWSWIRE) -- As the secondary market for life insurance expands to reach more consumers directly, GWG Life, a wholly-owned subsidiary of GWG Holdings, Inc. (GWG) (Nasdaq:GWGH), continues to cement its standing as an industry leader by articulating best practices for financial professionals who participate in the market. On October 18, GWG President Michael Freedman and Senior Counsel Maggie O’Gara participated in a panel on advertising and lead generation a

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GWG Closes Second Senior Bank Credit Facility

MINNEAPOLIS, Sept. 19, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), a specialty finance company in the life insurance secondary market, announced that its special purpose subsidiary, GWG DLP Funding IV, LLC, has entered into a $172 million, 10-year credit facility originated by CSG Investments, Inc. (“CSG”). The new 10-year senior credit facility, in addition to its existing $100 million senior credit facility provided by DZ Bank AG Deutsche Zentral-Genossenschaftsbank (DZ Ban

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GWG Holdings to Present at the 2016 Aegis Growth Conference

MINNEAPOLIS, Sept. 14, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (NASDAQ:GWGH) ("GWG" or the “Company"), a specialty finance company and a leader in the life insurance secondary market, announced today that the Company will be presenting at the upcoming Aegis Growth Conference at the Encore at Wynn in Las Vegas, NV. Bill Acheson, Chief Financial Officer and Jason Plucinak, Senior Vice President – Business Development, will present at the conference on Wednesday, September 21, at 10:00am P

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GWG Announces DTC Eligibility for L Bond Offering

MINNEAPOLIS, Sept. 13, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), a specialty finance company in the life insurance secondary market, today announced it has closed the sale of its three- and five-year publicly registered L Bonds through the Depository Trust Company (DTC). DTC manages electronic clearing and settlement for corporate and municipal securities. “The ability to close L Bonds through DTC accomplishes a strategic goal of GWG and marks another milestone for the com

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GWG Marks Life Insurance Awareness Month

MINNEAPOLIS, Aug. 25, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), a specialty finance company in the life insurance secondary market, is commemorating Life Insurance Awareness Month this September. The Company will participate in a series of events and activities to promote awareness about the life insurance secondary market to consumers as well as their insurance and financial advisors. The life insurance secondary market continues to grow and public awareness is also on the

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GWG Holdings, Inc. Announces Correction to Non-GAAP Net Asset Value Calculation

MINNEAPOLIS, Aug. 19, 2016 (GLOBE NEWSWIRE) -- On August 12, 2016 (in its Quarterly Report on Form 10-Q) and August 16, 2016 (in an earnings press release), GWG Holdings, Inc. (Nasdaq:GWGH) reported non-GAAP net asset value of $111,858,000, or $18.72 per common share, at June 30, 2016, based on an aggregate redemption value of preferred stock of $24,418,000. Following the release of this information, GWG Holdings identified an error in calculation that had inadvertently omitted the redemption

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GWG Holdings Reports Second Quarter 2016 Financial Results

Click to download PDF MINNEAPOLIS , Aug. 16, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), a specialty finance company and a leading purchaser in the life insurance secondary market, today announced its financial results for the second quarter ended June 30, 2016 . Highlights for the Three Months Ended June 30, 2016 GAAP Financial Information Total revenue of $20.8 million , up nearly 250% from the prior year Net income attributable to common shareholders of $2.3 million or $0.3

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GWG Holdings to Report Second Quarter 2016 Financial Results

MINNEAPOLIS, Aug. 04, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (NASDAQ:GWGH) (“GWG” or “the Company”), a specialty finance company and a leader in the life insurance secondary market, announced that it will release second quarter 2016 financial results on Tuesday, August 16, 2016, before the U.S. market opens. The Company will host a conference call the same day at 4:00 pm ET to discuss these results. The conference call number for U.S. participants is (844) 423-9895 and the conference c

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GWG Announces Interest Rate Changes to L Bond Offering

MINNEAPOLIS, Aug. 02, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), a specialty finance company and a leading purchaser in the life insurance secondary market, today announced new rates for its L Bond offering. In addition, the Company will be closing the sale of its short-term L Bond debt (maturities of one year or less). The changes will take effect September 1, 2016 (see table below). “Many investors are seeking alternative, non-correlated, yield-based investment products –

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GWG Life, LLC Granted Provider Licenses in Montana and New Hampshire

Seniors can now access income source from unneeded life insurance policies MINNEAPOLIS, July 28, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), a specialty finance company and a leading purchaser in the life insurance secondary market, announced GWG Life, LLC (“GWG Life”), the subsidiary company that purchases life insurance policies, has been granted licenses in Montana and New Hampshire. The licenses enable GWG Life to purchase life insurance from seniors in Montana and New H

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GWG Wins Best of Show Award in Insurance Marketing

Leader in the life insurance secondary market honored in Broadcast Media category MINNEAPOLIS, July 06, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (GWG) (Nasdaq:GWGH), a specialty finance company and a leading purchaser in the life insurance secondary market, won a Marketing Communications Best of Show Award from the Insurance Marketing & Communications Association (IMCA). GWG was recognized in the Broadcast Media Spot or Campaign category. The award-winning entry featured GWG Preside

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GWG Delivers Significant Value to Seniors for Life Insurance Policies

GWG Has Paid Seniors Nearly $336 Million in the Past Decade MINNEAPOLIS, June 28, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (GWG) (Nasdaq:GWGH), a specialty finance company and a leading purchaser in the life insurance secondary market, today announced it has paid seniors nearly $336 million in the past decade for their unneeded, unwanted, and unaffordable life insurance policies. This amount represents $313 million above the cash surrender value of $23 million that the insurance carriers w

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GWG ranks among top purchasers of life insurance policies

Company ranks fourth in 2015 ranking, with 2016 looking even brighter MINNEAPOLIS, June 16, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (GWG) (Nasdaq:GWGH), a specialty finance company and a leader in the life insurance secondary market, ranked as one of the top purchasers of life insurance policies in the secondary market for life insurance in 2015. According to The Deal’s seventh annual survey of the life settlement market, GWG ranked fourth in total number of policies purchased and third i

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GWG’s Michael Freedman Re-Elected Vice Chairman of Life Insurance Settlement Association Board of Directors

MINNEAPOLIS, June 09, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (GWG) (Nasdaq:GWGH), a specialty finance company and a leading purchaser of life insurance policies in the secondary market, announced that President Michael Freedman was re-elected  Vice Chairman of the Board of Directors of the Life Insurance Settlement Association (LISA). As Vice Chairman, Freedman will continue to advance the best interests of life insurance policy owners seeking to maximize the value of their life insura

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GWG Portfolio of Life Insurance Policies Tops $1 Billion

MINNEAPOLIS, May 12, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (NASDAQ:GWGH) (“GWG” or “the Company”), a specialty finance company and a leader in the life insurance secondary market, today announced its portfolio of life insurance policies has exceeded $1 billion in face value of benefits. A photo accompanying this ann

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GWG Expands Business Development Team

Highly regarded industry veterans return to GWG with focus on adding Broker-Dealers to alternative investment platform and increasing number of Appointed Agents MINNEAPOLIS, May 05, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (GWG) (Nasdaq:GWGH), a specialty finance company and a leader in the secondary market for life insurance, today announced the creation of a national key accounts and business development team. “GWG is fully committed to increasing the number of Broker-Dealers and RIAs

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GWG Holdings Reports First Quarter 2016 Financial Results

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GWG Holdings, Inc. named to list of top 75 public companies in Minnesota

Specialty finance company and a leader in the secondary life insurance market moves up in public company rankings MINNEAPOLIS, April 26, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (NASDAQ:GWGH) (“GWG” or “the Company”), a specialty finance company and a leader in the secondary market for life insurance, has been named to the Minneapolis/St. Paul Business Journal’s (MSPBJ) “Public 75 Companies,” an annual list of the top revenue-generating companies in Minnesota. GWG ranked #69 on this yea

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GWG Holdings to Report First Quarter 2016 Financial Results

MINNEAPOLIS, April 21, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (NASDAQ:GWGH) (“GWG” or “the Company”), a specialty finance company and a leader in the life insurance secondary market, announced that it will release first quarter 2016 financial results on Thursday, April 28, 2016, before the U.S. market opens. The Company will host a conference call the same day at 4:30 pm ET to discuss these results. The conference call number for U.S. participants is (844) 423-9895 and the conference c

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GWG Holdings' Virtual Investor Conference Presentation Now Available For On-Demand Viewing

GWG Holdings invites individual and institutional investors to log-on to VirtualInvestorConferences.com to view presentation MINNEAPOLIS, April 12, 2016 /PRNewswire/ -- GWG Holdings, Inc. (NASDAQ: GWGH) ("GWG" or "the Company"), a specialty finance company and a leader in the life insurance secondary market, today announced that the Company's Virtual Investor Conference presentation, given by Michael Freedman and Bill Acheson on April 7, is now available for on-demand viewing at VirtualInvest

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GWG Holdings Live Webcast At VirtualInvestorConferences.com (April 7, 2016)

MINNEAPOLIS, April 4, 2016 /PRNewswire/ -- GWG Holdings, Inc. (NASDAQ: GWGH) ("GWG" or "the Company"), a specialty finance company and a leader in the life insurance secondary market, announced today they will host a real-time virtual presentation on April 7, 2016. The Company invites individuals and institutional investors as well as advisors to attend at www.VirtualInvestorConferences.com. Attendees are invited to ask the company questions in real-time -- both in the presentation hall as

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GWG Holdings to Present at the Sidoti Spring 2016 Emerging Growth Convention on March 31, 2016

MINNEAPOLIS, March 24, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (NASDAQ:GWGH) ("GWG" or "the Company"), a specialty finance company and a leader in the life insurance secondary market, announced today that the Company will be presenting at the Sidoti Spring 2016 Emerging Growth Convention. The event will take place at the Marriott Marquis Hotel in New York City on Thursday, March 31, 2016. Jon Sabes, Chief Executive Officer, Michael Freedman, President, and Bill Acheson, Chief Financial

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GWG Holdings Reports Fourth Quarter and Full Year 2015 Financial Results

MINNEAPOLIS, March 08, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (NASDAQ:GWGH) (“GWG” or “the Company”), a specialty finance company and a leader in the life insurance secondary market today announced its financial results for the fourth quarter and full year ended December 31, 2015. Highlights: For the Three Months Ended December 31, 2015 Raised $41.9 million in capital from the sale of the Company’s $1 billion L Bond offering Became effective with the Company’s $100 million Re

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GWG Expands Into Merchant Cash Advance Market

Announces Acquisition of Management Team and Assets MINNEAPOLIS, March 04, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (NASDAQ:GWGH) (“GWG” or “the Company”), a specialty finance company and a leader in the life insurance secondary market, today announced its expansion into the merchant cash advance arena with the acquisition and formation of subsidiary GWG MCA Capital, Inc. (“GWG Merchant Cash Advance”). New York-based GWG Merchant Cash Advance provides capital to small businesses nationw

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GWG Holdings to Present at the 28th Annual ROTH Conference

MINNEAPOLIS, March 01, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (NASDAQ:GWGH) ("GWG" or “the Company”), a specialty finance company and leader in the life insurance secondary market, announced today that the Company will be presenting at the upcoming 28th Annual ROTH Conference at the Ritz Carlton in Laguna Niguel, CA. Jon Sabes, Chief Executive Officer, Michael Freedman, President, and Bill Acheson, Chief Financial Officer, will be presenting at the conference on Tuesday, March 15 at 12:3

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GWG Announces Share Repurchase Program

MINNEAPOLIS, Feb. 25, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (NASDAQ:GWGH) (“GWG Holdings” or the “Company”), announced today a common stock repurchase program, authorizing the Company to purchase up to $2 million of the Corporation's outstanding shares of common stock. CEO Jon Sabes said, “We believe the Company’s common stock is significantly undervalued considering the Company’s net asset value of $13.361 per share, our unique business model serving thousands of independent financia

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GWG Holdings to Report Fourth Quarter and Full Year 2015 Financial Results

MINNEAPOLIS, Feb. 23, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (NASDAQ:GWGH) (“GWG” or “the Company”), a specialty finance company and a leader in the life insurance secondary market, announced it will release fourth quarter and full year 2015 financial results on Tuesday, March 8, 2016, before the U.S. market opens. The Company will host a conference call the same day at 5:00 pm ET to discuss these results. The conference call number for U.S. participants is (844) 423-9895 and the confe

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GWG CEO Jon Sabes Appears on TheStreet.com

MINNEAPOLIS, Feb. 04, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (NASDAQ:GWGH), a specialty finance company and leader in the life insurance secondary market today announced that the company’s CEO, Jon Sabes, appeared on a TheStreet.com video interview with Gregg Greenberg on February 2, 2016. Click here to view the appearance. In the interview, Jon Sabes discussed the secondary market for life insurance and GWG’s plans for growth in 2016. “According to Milliman, 88% of all universal lif

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GWG Holdings to Ring Nasdaq Closing Bell Today

MINNEAPOLIS, Feb. 02, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (NASDAQ:GWGH) (“GWG” or “the Company") announced it will ring the Nasdaq Closing Bell today, February 2, 2016, at the Nasdaq Market Site in Times Square, New York.  Management is visiting Nasdaq in conjunction with a series of investor meetings in New York and Boston. “GWG is excited to ring the Nasdaq Closing Bell as we visit investors in the Northeast,” said Jon Sabes, Chief Executive Officer of the Company. “GWG is thrille

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