Emergent Capital arranges $50 million at-the-market sales agreement

FBR Capital and MLV & Co. to conduct offering, will get 3% commission

By Wendy Van Sickle

Columbus, Ohio, March 14 – Emergent Capital, Inc. negotiated a $50 million at-the-market sales agreement with FBR Capital Markets & Co. and MLV & Co. LLC on March 14, according to an 8-K filed Monday with the Securities and Exchange Commission.

FBR and MLV will be paid a 3% commission and will be reimbursed for up to $25,000 of out-of-pocket expenses.

Emergent Capital is a Boca Raton, Fla.-based specialty finance company focused on life insurance settlements.

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