Item 8.01 Other Events.
On September 15, 2020, Emergent Capital, Inc. ("Emergent") sold its wholly-owned
subsidiary, Imperial Life Settlements, LLC ("ILS"), to an unrelated third party.
Included in the sale were viatical and/or life settlement provider licenses,
permits and authorizations issued to ILS by 12 states. In connection with the
sale of ILS and such licenses, Emergent voluntarily surrendered licenses issued
to ILS by 17 other states. Such licenses are required in connection with the
purchase of existing life settlements, but are not required for ownership of
life settlements. Emergent, which indirectly owns a 27.5% equity investment in
White Eagle Asset Portfolio, LP, which holds a portfolio of life settlements, no
longer acquires life settlements, and therefore does not need to maintain the
licenses and their related deposits and expenses.
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EMERGENT CAPITAL, INC. 
