News
GAINSCO Announces Special Cash Dividend
DALLAS, Texas, June 29, 2016 – GAINSCO, INC. (the “Company”) (Pink Sheets: GANS) today announced that its board of directors approved a special cash dividend of $2.50 per share. The special dividend will be payable on July 20, 2016 to shareholders of record on July 11, 2016. The Company believes that, at its current size,…
Read MoreGAINSCO Auto Insurance® was recently named a Top Workplace by South Florida’s Sun-Sentinel
DALLAS, TX, May 31, 2016 – In April, the Sun-Sentinel recognized a number of companies in South Florida as Top Workplaces. GAINSCO was named as one of the Top 35 companies in its size category. Administered by Workplace Dynamics, the Top Workplaces program identifies organizations that excel at organizational health and workplace engagement. GAINSCO’s home…
Read MoreGAINSCO Announces Special Cash Dividend
DALLAS, Texas, December 7, 2012 – GAINSCO, INC. (the “Company”) (Pink Sheets: GANS) today announced that its board of directors approved a special cash dividend of $1 per share. The special dividend will be payable on December 27, 2012 to shareholders of record on December 18, 2012. The Company believes that, at its current size,…
Read MoreA.M. Best Revises Outlook to “Positive” for GAINSCO Insurance Subsidiary
DALLAS, Texas, May 2, 2012 – GAINSCO, INC. (“GAINSCO” or the “Company”) (Pink Sheets: GANS) today announced that AM. Best, the insurance industry’s principal rating agency, revised its official outlook of GAINSCO’s principal insurance subsidiary, MGA Insurance Company, Inc., to “positive” from “stable.” The new outlook reflects the Company’s continuing improvements in profitable operating results…
Read MoreGAINSCO Announces Special Cash Dividend, Amended Credit Agreement and Racing Sponsorship
DALLAS, Texas, December 9, 2011 – GAINSCO, INC. (the “Company”) (Pink Sheets: GANS) today announced that its board of directors approved a special cash dividend of $2 per share. The special dividend will be payable on December 29, 2011 to shareholders of record on December 20, 2011. The Company believes that, at its current size,…
Read MoreGAINSCO’s Insurance Subsidiary Upgraded to B+ by A.M. Best
DALLAS, Texas, February 7, 2011 – GAINSCO, INC. today announced that A.M. Best, the principal rating agency of the insurance industry, upgraded the financial strength rating (FSR) of GAINSCO, Inc.’s principal insurance subsidiary, MGA Insurance Company, Inc., to B+ (Good) from B (Fair). The issuer credit rating (ICR) of the insurance company was also upgraded…
Read MoreGAINSCO, Inc. to Deregister its Common Stock
DALLAS, Texas, January 7, 2011 – GAINSCO, INC. (NYSE Amex: GAN) today announced its Board of Directors approved the voluntary suspension of its duty to file reports with the Securities and Exchange Commission (the “SEC”) and the voluntary deregistration of its common stock. These actions will result in the Company’s common shares no longer being…
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