Cash flows generated from the Company’s CDOs with respect to its ownership of non-investment grade bonds, preferred equity and collateral management agreements for the year to date 2012 are summarized as follows (dollar amounts in thousands):

                     

Collateral Manager Fees and CDO Distributions
CDO 2005-1     CDO 2006-1 CDO 2007-1  
Fees     Distributions Fees     Distributions Fees     Distributions Total
   
1Q 2012 $ 2,398,596 $ 3,495,260 $ 1,026,567 $ 9,160,260 $ 172,153 $ - $ 16,252,836
2Q 2012   3,134,206       1,907,434       965,059       6,310,558       -       -       12,317,257
Total 2012 $ 5,532,802     $ 5,402,694     $ 1,991,626     $ 15,470,818     $ 172,153     $ -     $ 28,570,093
 

During the three months ended March 31, 2012, the Company did not repurchase any notes.

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