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GWG Holdings Launches $150 Million Redeemable Preferred Stock Offering

GWG Holdings, Inc. (NASDAQ: GWGH), a sponsor of non-traded life settlement investment programs, is offering $150 million in publicly registered non-traded shares of redeemable preferred stock.

The offering, known as Series 2 Redeemable Preferred Stock, offers a qualified company annual dividend, paid monthly. The offering price is $1,000 per share with a minimum investment of $10,000.

GWG Holdings plans to use the net proceeds from the offering of the shares primarily to purchase and finance additional life insurance assets but may use the net proceeds to service and retire outstanding debt obligations and for other operating and corporate purposes.

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.

GWG Holdings is a specialty finance company and a leader in the life insurance secondary market. As of December 31, 2016, GWG’s portfolio consisted of approximately $1.4 billion in face value of policy benefits.

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