The most frequent question for any wind down Trustee is when will the first or next distribution be made.  The Trustee will briefly explain the distribution process that informs the timing of distributions.

Distributions can only occur upon receipt of sufficient cash proceeds from the assets to be able to make a distribution.  At this time, we have not determined when the first distribution to the Series A1 WDT Interests or any other series of New WDT Interests will be paid, due to the various factors such as the realization of proceeds from the liquidation of Beneficent stock and actual receipts from the prosecution of the retained causes of action by the Litigation Trust. All distributions will be done in accordance with the Plan and the Amended and Restated Trust Agreement governing the GWG Wind Down Trust (the “Trust Agreement”). Pursuant to the Trust Agreement, the Trust must meet a minimum required balance before a distribution can be considered. The minimum balance has not been met with the sale of the interest in the insurance policies portfolio and FOXO shares. The Trustee for the GWG Wind Down Trust will post new information to this website for updates on progress, including when the first distribution will be paid.

The terms of the New WDT Interests do not require regular dividends or interest payments at predetermined times.  As a consequence, no monthly or other periodic dividend or interest payments will be paid on any series of New WDT Interests.

GWG Wind Down Trust will not produce and issue monthly statements as it would be a burdensome cost to the estate without any benefit to the beneficiaries. The website will be the primary communication portal between the Trustee and holders of New WDT Interests.