DALLAS, June 19, 2018 /PRNewswire/ -- GAINSCO, INC.
(the "Company") (Pink Sheets: GANS) today announced that its board
of directors approved a special cash dividend of $2.00 per share. The special dividend will be
payable on July 11, 2018 to
shareholders of record on June 29,
2018.
The Company believes that, at its current size, it has more than
adequate capital to support its insurance and other operations, and
that it is appropriate to return some capital to shareholders
through a special cash dividend.
GAINSCO, INC. is a U.S. holding company specializing in
automobile insurance (through its insurance brand, GAINSCO Auto
Insurance®), automotive sales and service, auto racing and
investments. GAINSCO was established in 1978 as a Texas corporation and is based in Dallas, Texas, with a regional insurance
office in Miami, Florida.
GAINSCO's primary insurance company subsidiary is MGA Insurance
Company, Inc.
Company Contacts: Scott A.
Marek, Asst. Vice President 972.629.4493
Email address: corporate.affairs@gainsco.com
Website: www.gainsco.com
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SOURCE GAINSCO, INC.