BOCA RATON, Fla., Aug. 1, 2016 /PRNewswire/ -- Emergent
Capital, Inc. (NYSE: EMG) ("Emergent") announced today that it has
initiated a formal process to explore strategic alternatives in
response to receiving a number of unsolicited inquiries from
several interested parties. The Company's Board of Directors has
formed a special committee whose mandate is to review and consider
strategic alternatives and to make recommendations to the full
Board of Directors.
In addition, FBR Capital Markets & Co. has been engaged as
financial advisor to the Company. Some of the possible strategic
alternatives the special committee may consider are a sale of the
Company, a merger or other business combination, a sale of all or a
material portion of the Company's assets, a joint venture, and a
recapitalization.
Emergent has not set a definitive schedule to complete its
review of strategic alternatives. The Company does not intend to
provide any further updates until such time as it has entered into
a definitive agreement with respect to a transaction or strategic
alternative. There is no assurance that this process will
result in a transaction or if a transaction is undertaken as to its
terms or timing.
About Emergent Capital, Inc.
Emergent Capital (NYSE:
EMG) is a specialty finance company that invests in life
settlements. More information about Emergent can be found at
www.emergentcapital.com.
Safe Harbor Statement
This press release may contain
certain "forward-looking statements" relating to the business of
Emergent Capital, Inc. and its subsidiary companies. All
statements, other than statements of historical fact included
herein are "forward-looking statements." These forward-looking
statements are often identified by the use of forward-looking
terminology such as "believes," "expects" or similar expressions,
and involve known and unknown risks and uncertainties. Although
Emergent believes that the expectations reflected in these
forward-looking statements are reasonable, they do involve
assumptions, risks and uncertainties, and these expectations may
prove to be incorrect. Investors should not place undue reliance on
these forward-looking statements, which speak only as of the date
of this press release. Other than as required under the securities
laws, Emergent does not assume a duty to update these
forward-looking statements.
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SOURCE Emergent Capital, Inc.