NEW YORK, Aug. 21, 2014 /PRNewswire/ -- CIFC Corp. (NASDAQ:
CIFC) ("CIFC") today announced the appointment of Jeffrey S. Serota to its Board of Directors (the
"Board").
Mr. Serota is a senior executive with significant principal
investing and management experience. Currently, he serves on the
Boards of Directors of SandRidge Energy and Exco Resources and has
served on the boards of over a dozen other public and private
companies. Mr. Serota was a Senior Partner at, and Senior Advisor
to, Ares Management, LLC until his retirement earlier in the year.
He holds an MBA in finance from the Anderson Graduate School of
Management at UCLA and a BS in
economics from The Wharton School at the University of Pennsylvania.
Commenting on the appointment, Bob Machinist, CIFC's Chairman
stated, "We are delighted to have Mr. Serota join our Board of
Directors. He brings years of relevant business and management
experience to our Board and we welcome being able to work with him
at CIFC."
Concurrent with the appointment, Frank
C. Puleo resigned from the Board. Commenting on his tenure
as a Director, Mr. Puleo stated, "It has been a pleasure to be
involved with CIFC and its original CEO, Peter Gleysteen, since its inception as a
startup through its growth, with the support of Charlesbank Capital
Partners and more recently Columbus
Nova, into one of the largest CLO managers. While I am a big
believer in the company's prospects, my other business activities
require increasing time commitments. I wish the current team
continued success not only as a CLO manager but in its continuing
development of a diverse array of credit asset management
products."
About CIFC
CIFC is a fundamentals-based, relative value credit manager.
Headquartered in New York, CIFC is
an SEC registered investment adviser and a publicly traded company
(NASDAQ: CIFC). CIFC currently serves over 200 institutional
investors globally. For more information, please visit CIFC's
website at www.cifc.com.
Forward-Looking Statements
This release may contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934 which reflect CIFC's
current views with respect to, among other things, CIFC's
operations and financial performance. You can identify these
forward-looking statements by the use of words such as "outlook,"
"believes," "expects," "potential," "continues," "may," "will,"
"should," "seeks," "approximately," "predicts," "intends," "plans,"
"estimates," "anticipates" or the negative version of these words
or other comparable words. Such forward-looking statements are
subject to various risks and uncertainties. Accordingly, there are
or will be important factors that could cause actual outcomes or
results to differ materially from those indicated in these
statements. CIFC believes these factors include but are not limited
to those described under the section entitled "Risk Factors" in its
Annual Report on Form 10-K for the fiscal year ended December 31, 2012, as such factors may be updated
from time to time in its periodic filings with the Securities and
Exchange Commission, which are accessible on the SEC's website
at www.sec.gov. These factors should not be construed as
exhaustive and should be read in conjunction with the other
cautionary statements that are included in this release and in the
filings. CIFC undertakes no obligation to publicly update or review
any forward-looking statement, whether as a result of new
information, future developments or otherwise.
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SOURCE CIFC Corp.