X0306 4 2015-12-04 0 0001494448 EMERGENT CAPITAL, INC. EMG 0001341021 Dakos Andrew C/O EMERGENT CAPITAL, INC. 5355 TOWN CENTER ROAD, SUITE 701 BOCA RATON FL 33486 1 0 1 0 Common Stock 31212 D Common Stock 2015-12-04 4 J 0 44385 0 D 1807508 I See Footnote Common Stock 2224869 I See Footnote The shares are held by various entities and individuals. Bulldog Investors, LLC ("BI") or certain of its principals 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 total number of these shares has been reduced by 20,000 from the last Form 4 since such shares were incorrectly attributed to Mr. Dakos or BI. 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 such investment fund, and is a limited partner in certain of 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 Andrew Dakos 2015-12-08