The US Bankruptcy Court approved the fourth modified to second amended plan of reorganization of GWG Holdings, Inc. on June 20, 2023. The debtor has filed its fourth modified to second amended plan in the Court on June 14, 2023. As per the amended plan, administrative claims, professional compensation claims, priority tax claims, other priority claims of $0.02 million, Chapford DIP Facility Claims of $30 million, Vida DIP Claims, DLP Secured Claims and DLP Secured Claims will be paid in full in cash.

Bond Claims of $1,672.85 million shall be paid on pro rata basis in cash. General unsecured claims of $20.28 million and GUC Convenience Claims of $0.08 million shall be paid in full in cash. Intercompany Claims shall be paid in form of cash and intercompany interest shall be cancelled.

Series 1 Preferred Interests of $42.62 million and Series 2 Preferred Interests of $88.14 million shall be paid in full in cash. Common Stock in GWGH shall be paid in cash. The plan shall be funded through cash in hand and issuance of equity stocks.