EMERGENT CAPITAL, INC. (NYSE:EMG) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued
Listing Rule or Standard; Transfer of Listing.
Company) provided notice to the New York Stock Exchange (NYSE)
that Emergent intends to voluntarily delist its common stock from
the NYSE and intends to transfer its listing to the OTC
Marketplace (OTC). The Company intends to file a Form 25 with the
Securities and Exchange Commission (the SEC) to voluntarily
delist its common stock on or about February 2, 2017. Delisting
from the NYSE is expected to become effective 10 days after the
filing date of the Form 25. After delisting from the NYSE, the
Company expects its common stock will be trading on the OTC. A
new trading symbol will be allocated on the first day of trading
on the OTC. The Company will remain subject to public reporting
requirements of the SEC following the transfer.
change is furnished as Exhibit 99.1 to this report.
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99.1
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Press release issued January 23, 2017.
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About EMERGENT CAPITAL, INC. (NYSE:EMG)
Emergent Capital, Inc., formerly Imperial Holdings, Inc., is a specialty finance company that invests in asset classes, primarily life settlements. The Company, through its subsidiary companies, owns a portfolio of approximately 630 life insurance policies (life settlements). The Company purchases individual policies and portfolios of life insurance policies and manages those assets based on actuarial and market data. The Company provides customized liquidity solutions to owners of illiquid financial assets in two markets, which include life finance and structured settlements. The Company focuses on lending to outright purchases of portfolios, to tertiary trades, as well as individual secondary market purchases. The Company invests in short and long-term life settlement investments. EMERGENT CAPITAL, INC. (NYSE:EMG) Recent Trading Information
EMERGENT CAPITAL, INC. (NYSE:EMG) closed its last trading session down -0.005 at 0.242 with 2,944,373 shares trading hands.