April 27, 2020

Christopher P. Davis
Kleinberg, Kaplan, Wolff & Cohen, P.C.
500 Fifth Avenue
New York, NY 10110

      Re:    HC2 Holdings, Inc.
             Definitive Additional Materials on Schedule 14A filed by Percy
Rockdale
                 LLC, MG Capital Management Ltd. et al.
             Filed April 13, 20, 21 and 23, 2020
             File No. 005-35210

Dear Mr. Davis:

      We have reviewed the filings above and have the following comment.

1.    Disclosure in these filings includes statements indicating that Percy
Rockdale's slate of
      nominees has a strategy for "delivering stockholders ~$9 or more per
share in value."
      Valuation claims included in proxy materials "[are] only appropriate and
consonant with
      Rule 14a-9 under the Securities Exchange Act of 1934 when made in good
faith and on a
      reasonable basis and where accompanied by disclosure which facilitates
shareholders'
      understanding of the basis for and the limitations on the projected
realizable values."
      Refer to the text accompanying footnote 2 in Exchange Act Release No.
16833 (May 23,
      1980). Please provide us with the basis for such estimate including any
assumptions,
      qualifications or limitations. Please also include in future filings
making similar claims
      disclosure that assists shareholders' understanding of the basis for and
the limitations on
      the projected "~$9 or more per share in value." Please note that while
the disclosure on
      slide 66 of the April 13 filing is helpful, it does not specifically tie
to the $9 per share
      figure.

                                             *   *    *
 Christopher P. Davis
Kleinberg, Kaplan, Wolff & Cohen, P.C.
April 27, 2020
Page 2

        We remind you that the filing persons are responsible for the accuracy
and adequacy of
their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.

       Please contact me at (202) 551-3444 with any questions.

                                                            Sincerely,

                                                            /s/ Perry J. Hindin

                                                            Perry J. Hindin
                                                            Special Counsel
                                                            Office of Mergers
and Acquisitions