EMERGENT CAPITAL, INC. (NYSE:EMG) Files An 8-K Other EventsItem 8.01
On December 27, 2016, Emergent Capital, Inc. (the “Company”) received notification from the United States Securities and Exchange Commission (the “SEC”) that it has concluded its investigation as to the Company and does not intend to recommend an enforcement action against the Company. The investigation has previously been disclosed in the Company’s quarterly and annual SEC filings. The notice was provided under the guidelines set out in the final paragraph of Securities Act Release No. 5310.
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 -0.09 at 1.12 with 146,329 shares trading hands.