Contrarian Capital Management, LLC.

The Senior Secured Strategy seeks to maximize returns by investing in a portfolio of predominantly US senior secured bank loans and publicly-traded secured obligations.

Strategy focusing on the senior portion of the capital structure and high quality collateral

-Provides downside protection as a result of having the greatest asset coverage and reduces the volatility associated with subordinate debt and equity positions

-Mandated to be Contrarian’s most conservative risk/reward strategy

Unique core competency in privately-traded instruments

-Highly experienced team of investment professionals, led by Janice Stanton. Janice ran Oppenheimer’s Bank Debt operations from 1986 to 1995, including a portfolio of distressed bank debt from January 1991

-Works in conjunction with Contrarian’s Paris-based European Strategy to source investment opportunities in Western Europe

Broad network of contacts facilitates the identification of uncorrelated, off-the-run investment opportunities

-Proprietary contacts developed since the mid-1980s and relationships with all major bank trading desks

-Contrarian also offers a Socially Responsible sister strategy offering the same risk/reward characteristics but without investing in certain industries

Portfolio Manager: Janice Stanton