INNOVATIVE CLIENT FOCUSED INVESTMENT APPROACH

Waterfall Asset Management, LLC is a specialty credit manager focused on high-yield structured credit and real estate debt strategies with related  loan servicing and origination capabilities.  Within structured credit, Waterfall’s investment approach is distinctive in seeking relative value across Asset-Backed Security sectors globally.  Waterfall is a registered investment adviser with approximately $1.9 billion in assets under management as of December 31, 2011.