CIFC Corp. Announces Sale of Certain Non-Core Assets for $36.5M

CIFC Corp.

announce that its wholly-owned indirect subsidiaries, DFR Middle Market Holdings Ltd. and Deerfield Capital Management LLC, today 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 $36.5 million. 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.