GWG Holdings Announces Combined 2020/2021 Annual Meeting of Stockholders To Be Rescheduled
GWG Holdings, Inc. (Nasdaq: GWGH) has announced the cancellation of its Combined 2020/2021 Annual Meeting of Stockholders, originally scheduled for May 28, 2021.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
GWG Holdings, Inc. (Nasdaq: GWGH) has announced the cancellation of its Combined 2020/2021 Annual Meeting of Stockholders, originally scheduled for May 28, 2021. This decision allows the company additional time to distribute proxy materials to its stockholders. A new meeting date will be communicated once established. GWGH is known for providing liquidity solutions for owners of illiquid investments, with a portfolio that includes $1.9 billion in life insurance policy benefits.
Positive
- The cancellation allows additional time for stockholder notification and proxy distribution.
- $1.9 billion in life insurance policy benefits enhances the company's asset base.
Negative
- Cancellation of the Annual Meeting may raise concerns about governance and transparency.
Details
News Market Reaction – GWGH
The recorded move for GWGH in the trading session of this news was -0.93%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
DALLAS, July 26, 2021 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq: GWGH) today announced that its Combined 2020/2021 Annual Meeting of Stockholders originally convened and adjourned on May 28, 2021 has been cancelled to permit time for GWGH to distribute proxy materials to stockholders. The Company will provide notice of the new meeting date once it has been established.
About GWG Holdings, Inc.
GWG Holdings, Inc. (Nasdaq: GWGH) is an innovative financial services firm based in Dallas that is a leader in providing 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 September 30, 2020, included
For more information about GWG Holdings, email info@gwgh.com or visit www.gwgh.com.
For more information about Beneficient, email askben@beneficient.com or visit www.trustben.com.
The information on GWG Holdings’ and Beneficient’s websites is not a part of, or incorporated by reference in, this press release.
Media Contact:
Dan Callahan
Director of Communication
GWG Holdings, Inc.
(612) 787-5744
dcallahan@gwgh.com
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