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…

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,…

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…

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…