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Emergent Capital Announces Anticipated Closing Date for Recapitalization

BOCA RATON, Fla., July 19, 2017 /PRNewswire/ -- Emergent Capital, Inc. (OTCQB: EMGC) ("Emergent" or the "Company") is pleased to announce it anticipates closing on or around July 28, 2017, the previously announced series of integrated transactions to effect a recapitalization of the Company pursuant to certain separate Master Transaction Agreements (together, the "Master Transaction Agreements"), dated March 15, 2017 or May 12, 2017, as amended, by and among the Company, PJC Investments, LLC, a Texas limited liability company, and each Consenting Convertible Noteholder that was a party to such Master Transaction Agreement.

Emergent Capital, Inc. logo (PRNewsFoto/Emergent Capital, Inc.)

About Emergent Capital, Inc.

Emergent Capital, Inc. (OTCQB: EMGC) 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.  These statements include, but may not be limited to, those relating to the Company's expectations regarding the closing of the recapitalization transactions, which is subject to multiple conditions and there is no assurance that the transactions will close on such date or at all.  In addition to the risks and uncertainties noted in this release, there are certain factors that could cause actual results to differ materially from those anticipated by some of the statements made. These include (1) risks associated with the recapitalization transactions, including but not limited to risks related to the failure to close the recapitalization transactions, (2) the ability to successfully complete recapitalization efforts, (3) the successful completion of the multiple closing conditions that each recapitalization transaction is subject to, (4) risks associated with our debt leverage and operating covenants under our debt instruments, (5) changes in economic conditions in the United States and abroad, and (6) other risks, uncertainties and other factors described in Emergent's quarterly reports on Form 10-Q and annual reports on Form 10-K and in Emergent's other filings with the U.S. Securities and Exchange Commission (SEC) or in materials incorporated therein by reference.  Other than as required under the securities laws, Emergent does not assume a duty to update these forward-looking statements to reflect subsequent events or circumstances or actual outcomes.  Actual results could vary materially depending on such risks and uncertainties that may affect Emergent and its business.

SOURCE Emergent Capital, Inc.

For further information: David Sasso, SVP Corporate Development & Investor Relations, 561.995.4300, dsasso@emergentcapital.com

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