EMERGENT CAPITAL,INC. (OTCMKTS:EMGC) Files An 8-K Other Events
Item 8.01 Other Events.
On May15, 2017, the Company issued a press release announcing
that it has extended, to 5:00 p.m., New York City time, on
June12, 2017, the expiration of its offer to exchange its
outstanding $74,220,450 aggregate principal amount of 8.50%
Senior Unsecured Convertible Notes due 2019, which offer to
exchange was previously launched on April18, 2017. A copy of the
press release is filed as Exhibit99.1 to this Current Report on
Form8-K.
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Item9.01. |
Financial Statements and Exhibits. |
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Exhibit Number |
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Description |
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99.1 |
Press Release issued on May15, 2016. |
About EMERGENT CAPITAL, INC. (OTCMKTS:EMGC)
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. (OTCMKTS:EMGC) Recent Trading Information
EMERGENT CAPITAL, INC. (OTCMKTS:EMGC) closed its last trading session down -0.004 at 0.266 with 3,492,420 shares trading hands.
