Imperial Holdings, Inc. announced the appointment of Dakos, Goldstein and Hellerman, Walter Higgins and A. Penn Wyrough have agreed to resign from the Board of the company. The resignations of Higgins and Wyrough are not due to any disagreement with the company or the Board. On July 18, 2012, the Board agreed in principle to appoint Andrew Dakos, Phillip Goldstein and Gerald Hellerman to serve as directors of the company. It is anticipated that the appointment of Dakos, Goldstein and Hellerman will occur as soon as practicable upon recommendation by the Corporate Governance & Nominating Committee of the Board.