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GWG Holdings, Inc. Announces Resignations of Murray T. Holland as President and Chief Executive Officer and Timothy L. Evans as Chief Financial Officer and Treasurer

November 14, 2022 at 11:32 AM EST

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DALLAS, Nov. 14, 2022 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq: GWGH) (the “Company”), a financial services firm based in Dallas, Texas, today announced that the Company’s President and Chief Executive Officer, Murray T. Holland, and the Company’s Chief Financial Officer and Treasurer, Timothy L. Evans, have both resigned as executive officers of the Company, effective immediately. Mr. Holland and Mr. Evans have not resigned from their positions as members of the board of directors of the Company. The Company expects to provide additional information in the coming days.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or the Company’s future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "going to," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of these words or other similar terms or expressions that concern the Company’s expectations, strategy, priorities, plans, or intentions. Forward-looking statements in this press release include, but are not limited to, statements regarding the Company’s future financial performance and management. The Company’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties, including changes in our plans or assumptions, that could cause actual results to differ materially from those projected. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. The forward-looking statements in this press release are based on information available to the Company as of the date hereof, and the Company disclaims any obligation to update any forward-looking statements, except as required by law.

Media Contact:
Dan Callahan
Director of Communication
GWG Holdings, Inc.
(612) 787-5744
dcallahan@gwgh.com

Certain information on this Site contains certain forward-looking statements, which are subject to risks and uncertainties and speak only as of the date on which they are made. The words “believe”, “estimate”, “expect”, “target”, “intend”, “may”, “plan” or similar expressions are intended to identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. GWG Holdings undertakes no obligation to update publicly or revise any forward-looking statements. Actual results may differ materially from the expectations disclosed in the forward-looking statements made. Important factors that could cause actual results to differ materially from the company’s forward-looking statements are described in GWG Holdings’ periodic reports, including the Annual Report on Form 10-K, quarterly reports on Form 10-Q and other reports filed with the Securities and Exchange Commission. Please click here to view such factors contained in the latest Form 10-K from GWG Holdings.

GWG files annual, quarterly and current reports, and other information with the SEC. Our SEC filings, including the registration statement of which the Prospectus is a part, and any amendments thereto is available on the SEC’s Internet site at https://www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-877-494-2388.

The information provided herein does not constitute an offer to sell securities or the solicitation of an offer to buy securities. An offer to sell securities can only be made by a Prospectus, pursuant to a registration statement, and any amendments thereto, then effective and on file with the Securities Exchange Commission (“SEC”). Investors must read the entire Prospectus for investment conditions, risk factors, minimum requirements fees and expenses and other pertinent information with respect to the offerings.

Securities are being offered on a best-efforts basis on behalf of GWG by Emerson Equity, LLC, Member FINRA, SIPC, and Managing Broker-Dealer for the Issuer. GWG and Emerson are not affiliated entities.

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