X0306 4 2016-06-02 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 2016-06-02 4 A 0 11508 A 204976 D Common Stock 2060316 I See Footnote Common Stock 2224869 I See Footnote Represents directors' fees paid in stock pursuant to Emergent's Omnibus Incentive Plan. 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 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. /s/ Michael B. Kirwan, Attorney-in-Fact for Phillip Goldstein 2016-06-03