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IEG Holdings discloses preferred share issuance

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IEG Holdings discloses preferred share issuance

IEG Holdings Corp.on March 22 issued an aggregate of 3,071,000 series H preferred shares to currentstockholders in exchange for the receipt of an aggregate of $3.1 million, accordingto a Form 8-K filed March 28.

On June 30, and upon notice provided by the holder to the company,a holder has the right to convert, at face value per share, all or any portion oftheir series H preferred shares into common shares on the basis of two common sharesfor each preferred share.