Emergent Capital Inc (NYSE:IFT) Stake Held by Bulldog Investors, LLC

Bulldog Investors, LLC

recently disclosed that they own 6.9% of Emergent Capital Inc (NYSE:IFT) in a Schedule 13D/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Wednesday, August 9th. The investor owns 9,860,753 shares of the stock valued at approximately $54,924,394. The reporting parties listed on the disclosure included Bulldog Investors, LLC, Phillip Goldstein, Andrew Dakos and Steven Samuels. The disclosure is available through Edgar at this hyperlink.

Bulldog Investors, LLC

provided the following explanation of their ownership:

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About Emergent Capital

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.

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