Press Release

Telos Asset Management LLC Announces Telos CLO 2014-5's Receipt Of Effective Date Ratings Confirmations

Company Release - 7/8/2014 4:05 PM ET

NEW YORK--(BUSINESS WIRE)-- Telos Asset Management LLC ("Telos"), a subsidiary of Tiptree Financial Inc. ("Tiptree"; NASDAQ: "TIPT"), announced that Telos CLO 2014-5, Ltd. ("Telos 5"), a collateralized loan obligation vehicle ("CLO") for which it acts as collateral servicer, has satisfied its Effective Date requirements for Moody's Investors Service and received ratings confirmation from Standard & Poor's Rating Services. Telos 5 closed the issuance of $412.4 million of notes on May 1, 2014. The notes are secured primarily by broadly syndicated senior-secured loans. BNP Paribas Securities Corp. acted as the initial purchaser for the transaction.

John McCormick, President and Chief Investment Officer of Telos, stated, "Our partnership with and commitment to our investors and the dealer community are key factors to our continued growth."

Telos 5 is the fifth CLO for which Telos serves as collateral servicer. In addition, Telos serves as collateral servicer of Telos CLO 2014-6, Ltd., which has entered into a $140 million credit facility in anticipation of the issuance of CLO notes.

About Telos Asset Management LLC

Telos is an asset management company focused on investing in corporate credit either through managed accounts or structured investment vehicles such as CLOs. As of July 7, 2014, Telos has approximately $1.8 billion of assets under management, which consists of five matched funded CLOs and a CLO warehouse.

About Tiptree Financial Inc.

Tiptree is a diversified holding company engaged through its consolidated subsidiaries in a number of businesses and is an active acquirer of new businesses. Tiptree, whose operations date back to 2007, currently has subsidiaries that operate in four industry segments: insurance and insurance services, specialty finance, asset management and real estate.

Cautionary Statement Regarding Forward-Looking Statements

This release contains “forward-looking statements” which involve risks, uncertainties and contingencies, many of which are beyond Tiptree’s control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. All statements contained in this release that are not clearly historical in nature are forward-looking, and the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “should,” “target,” “will,” or similar expressions are intended to identify forward-looking statements. Such forward-looking statements include, but are not limited to, statements about Tiptree’s plans, objectives, expectations and intentions. The forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, many of which are beyond Tiptree’s control, are difficult to predict and could cause actual results to differ materially from those expressed or forecast in the forward-looking statements. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors, including, but not limited to those described in the section entitled “Risk Factors” in Tiptree’s Annual Report on Form 10-K, and as described in Tiptree’s other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date of this release. The factors described therein are not necessarily all of the important factors that could cause actual results or developments to differ materially from those expressed in any of Tiptree’s forward-looking statements. Other unknown or unpredictable factors also could affect our forward-looking statements. Consequently, Tiptree’s actual performance could be materially different from the results described or anticipated by its forward-looking statements. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Except as required by the federal securities laws, we undertake no obligation to update any forward-looking statements.

Tiptree Financial Inc.
Investor Relations
[email protected]

Source: Tiptree Financial Inc.