CIFC Engages JPMorgan to Assist in Exploration of Strategic Alternatives
January 28 2016 - 8:00AM
CIFC LLC (NASDAQ:CIFC) and its subsidiaries (collectively “CIFC” or
the “Company”) announced the engagement of JPMorgan Securities LLC
to assist the Company and management in exploring a range of
strategic alternatives to enhance shareholder value and to
capitalize on its industry-leading platform. Those
alternatives may include a sale of the Company or the sale of a
stake in the Company to a strategic investor with the objective of
accelerating the Company’s existing growth and diversification
initiatives.
The Company has not made a decision to enter
into any transaction at this time and there can be no assurance
that exploration of its strategic alternatives will result in a
transaction and there is no set timetable for actions to be taken
in the process. The Company does not intend to discuss or
disclose any developments related to the process until the Board
has approved a definitive course of action or otherwise concludes
the process.
About CIFCFounded in 2005, CIFC
is a private debt manager specializing in secured U.S. corporate
loan strategies with approximately $14.2 billion of assets under
management as of September 30, 2015. Headquartered in New York,
CIFC is an SEC registered investment adviser and is listed on
NASDAQ. The firm currently serves more than 200 institutional
investors globally. For more information, please visit CIFC's
website at www.cifc.com.
Certain statements in this press release are
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. These include statements regarding future results or
expectations. Forward-looking statements can be identified by
forward-looking language, including words such as "believes,"
"anticipates," "expects," "estimates," "intends," "may," "plans,"
"projects," "will" and similar expressions, or the negative of
these words. Such forward-looking statements are based on facts and
conditions as they exist at the time such statements are made,
various operating assumptions and predictions as to future facts
and conditions, which may be difficult to accurately make and
involve the assessment of events beyond CIFC's control. Caution
must be exercised in relying on forward-looking statements. The
forward-looking statements in this release are subject to risks and
uncertainties, and the other risks related to CIFC's business that
are described in its annual report on Form 10-K. The
forward-looking statements contained in this press release are made
as of the date hereof, and CIFC undertakes no obligation to update
any forward-looking statement to reflect subsequent events, new
information or circumstances arising after the date hereof.
CONTACT: Investor Relations at InvestorRelations@cifc.com or +1 (212)-624-4508
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