White Eagle Asset marks $1.75 million of income for Nov. 14 to Dec. 31

By Caroline Salls

Pittsburgh, Feb. 8 – White Eagle Asset Portfolio, LP reported $1.75 million of net income for the period of Nov. 14 through Dec. 31 on $11.79 million in total revenue, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

The company had $29.54 million in cash and cash equivalents as of Dec. 31.

White Eagle is a wholly owned indirect subsidiary of Emergent Capital, Inc., a Boca Raton, Fla., specialty finance company that invests in life settlements. White Eagle filed bankruptcy on Dec. 13. The Chapter 11 case is being administered under case number 18-12808.

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