This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

40|86 Advisors Closes New $400M CLO Transaction

CARMEL, Ind., April 4, 2013 /PRNewswire/ -- 40|86 SM Advisors, Inc., a wholly-owned subsidiary of CNO Financial Group, Inc., announces the closing of Cedar Creek CLO, a $413.25 million collateralized loan obligation.  The transaction was placed by Goldman Sachs and closed on March 28, 2013. 

The CLO has a four-year reinvestment period and a two-year non-call period, with a stated maturity of April 2024.  40|86 Advisors, a leading fixed-income investment advisor, will serve as collateral manager. 

This new transaction follows two recently placed CLOs managed by 40|86 Advisors, Mill Creek CLO, which closed in December 2011, and Sugar Creek CLO, in May 2012.  With the close of Cedar Creek CLO, 40|86 manages four CLOs representing $1.27 billion under management.

"We view investing in and managing CLOs as an attractive long-term opportunity to leverage our unique skill sets," said Eric Johnson, President of 40|86 Advisors, Inc.  

About 40|86 Advisors, Inc. 40|86 Advisors, Inc., a wholly-owned subsidiary of CNO Financial Group, Inc. (NYSE: CNO), is a leading fixed income investment advisor based in Carmel, Indiana.  The firm manages over $26 billion in public corporate debt securities, taxable municipal bonds, emerging market securities, high yield bonds, government bonds, mortgage related securities, privately placed debt securities, commercial mortgages, and bank loans.  The firm implements highly disciplined portfolio structuring and bottom-up security analytic processes in order to provide superior value to its clients.  To learn more, visit

SOURCE 40|86 Advisors, Inc.
Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.64 -0.11%
FB $118.57 0.84%
GOOG $698.21 0.75%
TSLA $241.80 0.43%
YHOO $36.53 -0.19%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs