IEG Holdings Corporation (OTCPK:IEGH) announces a share repurchase program. Under the program, the company will repurchase up to $2 million worth of its common stock. At a closing price of $7.25 per share, this represents authorization to repurchase approximately 10% of its outstanding share capital and 2.8% of its non-affiliate and affiliate shares. The company plans to repurchase shares of its common stock in open market transactions in accordance with federal securities laws. Management will determine the actual timing, number and value of the shares repurchased under the program, which will depend on a number of factors, including the price of the common stock, general market and economic conditions and applicable legal requirements. The repurchase program reflects the commitment of Board of Directors to enhancing stockholder value and Board's confidence in the company's long-term growth prospects. The company believes the open market repurchase program is a strategic investment and an appropriate use of corporate funds. The program will be valid through December 31, 2017.