IEG HOLDINGS CORPORATION (OTCMKTS:IEGH) Files An 8-K Regulation FD Disclosure

Item 7.01.

On June 23, 2017, IEG Holdings Corporation (IEG Holdings) issued
a press release announcing that it has sold 100% of its 151,994
OneMain Holdings, Inc. (OneMain) shares for $3.4 million in cash.
As at June 22, 2017, IEG Holdings total cash on hand, including
the OneMain sale proceeds, was $3.7 million. The funds are
planned to be used predominately for significantly increased
lending to new customers in the third quarter of 2017 and also
for company share repurchases of IEG Holdings stock. A copy of
this press release is attached hereto as Exhibit 99.1 and
incorporated herein by reference. The information contained in
the website is not a part of this current report on Form 8-K.

IEG Holdings Corp Exhibit
EX-99.1 2 ex99-1.htm   Exhibit 99.1   IEG Holdings Sells 100% of its OneMain Investment for $3.4 Million in Cash   Las Vegas,…
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About IEG HOLDINGS CORPORATION (OTCMKTS:IEGH)

IEG Holdings Corporation is a consumer finance company. The Company is engaged in the business of providing unsecured consumer loans ranging from $2,000 to $10,000. The Company operates in Consumer Loans segment. It offers loans online under the consumer brand Mr. Amazing Loans through its Website and online application portal at www.mramazingloans.com. It has obtained additional state lending licenses, and are licensed and originating direct consumer loans in the states of Alabama, Arizona, California, Florida, Georgia, Illinois, Kentucky, Louisiana, Missouri, Nevada, New Jersey, New Mexico, Oregon, Pennsylvania, Texas, Utah and Virginia. It has approximately 80 loans in default representing over 4.81% of the number of loans in its active portfolio. Its subsidiaries include Investment Evolution Corporation, which holds state licenses, leases, employee contracts, and other operating and administrative expenses, and IEC SPV, LLC, which is a bankruptcy remote special purpose vehicle.