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Stock Market & Financial Investment News

News Breaks
February 7, 2012
18:59 EDTDFR
theflyonthewall.com: CIFC Corp. sells non-core assets for $36.5M
CIFC Corp. (DFR) is pleased to announce that its wholly-owned indirect subsidiaries, DFR Middle Market Holdings Ltd. and Deerfield Capital Management, entered into and consummated the sale of 100% of each of the unrated Subordinated Note and Class D Deferrable Mezzanine Notes tranches issued by DFR Middle Market CLO Ltd., together with the rights to manage the CLO, for an aggregate sale price of $36.5M. This sale, together with other asset sales and dispositions, represents the completion of the company's intention to reposition its core business as a fee based asset manager and free up capital to support further growth. :theflyonthewall.com



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