X0306 4 2015-12-04 0 0001494448 EMERGENT CAPITAL, INC. EMG 0001067621 GOLDSTEIN PHILLIP C/O EMERGENT CAPITAL, INC. 5355 TOWN CENTER ROAD, SUITE 701 BOCA RATON FL 33486 1 0 1 0 Common Stock 2015-12-04 4 P 0 726 3.96 A 234324 D Common Stock 2015-12-07 4 P 0 20000 3.85 A 254324 D Common Stock 2015-12-04 4 J 0 44385 0 D 1969460 I See Footnote Common Stock 2015-12-07 4 P 0 30000 3.8499 A 1999460 I See Footnote Common Stock 2224869 I See Footnote The shares are held by various entities and individuals. Bulldog Investors, LLC ("BI") or the Reporting Person has voting and investment power with respect to such shares. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. The shares are being transferred to a client in connection with an account closing. The shares are held by certain private investment funds. BI has sole voting and investment power with respect to such shares. The Reporting Person is a principal of BI and of the general partners of each of such investment fund, and is a limited partner in certain such funds. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. The price in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $3.80 to $3.90, inclusive. The Reporting Person undertakes to provide Emergent Capital, Inc., any security holder of Emergent Capital, Inc., or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein. The price in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $3.8498 to $3.85, inclusive. The Reporting Person undertakes to provide Emergent Capital, Inc., any security holder of Emergent Capital, Inc., or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein. /s/ Michael B. Kirwan, Attorney-in-Fact for Phillip Goldstein 2015-12-08