On June 20, 2023, the United States Bankruptcy Court for the Southern District of Texas (the “Court”), entered the Order (I) Confirming the Debtors’ Further Modified Second Amended Joint Chapter 11 Plan, Submitted By the Debtors, the Bondholder Committee, and L Bond Management, LLC as CoProponents, and (II) Granting Related Relief [Dkt. No. 1952] (the “Confirmation Order”), confirming the Debtors’ Further Modified Second Amended Joint Chapter 11 Plan, Submitted By the Debtors, the Bondholder Committee, and L Bond Management, LLC as Co-Proponents [Dkt. No. 1678] (the “Plan”) (attached as Exhibit A to the Confirmation Order).

The Effective Date of the Plan occurred on August 1, 2023. Each of the conditions precedent to consummation of the Plan enumerated in Article IX of the Plan have been satisfied or waived in accordance with the Plan and the Confirmation Order.

Effective as of August 1, 2023, the GWG Wind Down Trust was formed to hold the assets of GWG Holdings, Inc. and its subsidiaries (collectively the “Company”). The Trust exists for the benefit of the prior bondholders, trade creditors, stockholders and other claimants of the bankruptcy estate. Under the Plan, each of the claimants was issued New WDT Interests under the Trust representing the claimant’s interest as a beneficiary of the Trust. The Trust is in possession of the assets that were allocated from the Company and strategies are in place to maximize the value of the assets. Distributions will be made as assets are liquidated with time.

Liz Freeman was appointed pursuant to the Debtors Joint Second Modified Plan as Trustee of the GWG Wind Down Trust. Liz is ultimately responsible for running the affairs of the Trust for the benefit of the WDT Interest holders.

For all information relating to the GWG Wind Down Trust, please access the Trust’s website: https://gwgholdingstrust.com/

Liz Freeman, Trustee of the GWG Wind Down Trust Contact Information:
Email: info@gwgholdingstrust.com
Telephone Number: (713) 654-5150