GWG Announces DTC Eligibility for L Bond Offering

MINNEAPOLIS, Sept. 13, 2016 (GLOBE NEWSWIRE) — GWG Holdings, Inc. (Nasdaq:GWGH), a specialty finance company in the life insurance secondary market, today announced it has closed the sale of its three- and five-year publicly registered L Bonds through the Depository Trust Company (DTC).

DTC manages electronic clearing and settlement for corporate and municipal securities.
“The ability to close L Bonds through DTC accomplishes a strategic goal of GWG and marks another milestone for the company as we celebrate our 10-year anniversary,” said GWG Chief Executive Officer Jon Sabes. “GWG’s L Bond offering is our primary financing tool in our portfolio growth strategy and DTC adds another fea…