Imperial Holdings has changed its corporate name to Emergent Capital and began trading on the New York Stock Exchange with the ticker symbol "EMG" on Tuesday.
Led by CEO Antony Mitchell and Board of Directors Chairman Phil Goldstein, Emergent Capital's senior management had the honor of ringing the New York Stock Exchange’s opening bell at 9:30 a.m. EDT on Tuesday to celebrate the commencement of trading under the company's new name and trading symbol.
Shareholders approved the name change at the annual meeting of shareholders in May. Emergent Capital is a specialty finance company with access to an extensive network of life-settlement brokers and third-party providers.
"Changing our name to Emergent Capital is a major milestone and represents the new direction that we have taken following a major overhaul of the company over the last three years," Mitchell said. "Emergent Capital is a highly focused organization today, with a robust portfolio of life-settlement assets that we will continue to grow as opportunities are presented in our marketplace."
The company features an experienced investment team with decades of experience creating value through the secondary and tertiary markets for diversified life insurance portfolios, a unique asset class of life settlements.