MINNEAPOLIS, Feb. 09, 2017 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq:GWGH), a financial services company committed to transforming the life insurance industry, announced that its board of directors has approved the payment of a special cash dividend of $2.50 per share to holders of its Redeemable Preferred Stock (RPS).
The dividend will be paid on April 14, 2017 to stockholders of record at the close of business on April 5, 2017.
CEO Jon Sabes said, “We are offering this special dividend in conjunction with the expected closing of our current $100 million RPS offering.”
Additional details can be found in the Company's Form 8-K filed with the Securities and Exchange Commission on Feb. 9, 2017.
About GWG Holdings, Inc.
GWG Holdings, Inc. (Nasdaq:GWGH) is a financial services company committed to applying advanced epigenetic mortality prediction technology to the life insurance and related industries. Already a recognized disruptor in the life insurance secondary market, GWG seeks to further transform the industry by continuing to create innovative products and services. As of September 30, 2016, GWG’s growing portfolio consisted of $1.27 billion in face value of policy benefits and paid consumers $357 million for their life insurance.
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Source:GWG Holdings, Inc.