SOURCE: Resource America, Inc.
PHILADELPHIA, PA--(Marketwire - Apr 18, 2011) - Resource America, Inc. (NASDAQ: REXI) (the "Company") announces that its leveraged loan manager, Apidos Capital Management, has been selected as a finalist for several Creditflux CLO manager awards. Apidos is a finalist in the categories of Best 2007 US CLO, Best 2006 US CLO and Best 2005 US CLO. It is the only finalist that has been nominated in all three of these categories. Apidos has also been nominated for Best US CLO manager. The winners will be announced on May 17, 2011 in London. Creditflux uses the Par Plus ratio to evaluate CLOs. According to them, "the Par Plus ratio combines annualized equity distributions since inception with cumulative changes to a CLO's par value. In other words, it measures both equity returns and the ability to avoid losses. In practice, the most successful deals have maintained a high level of par while also making substantial pay-outs to equity holders."
About Resource America, Inc.
Resource America, Inc. is a specialized asset management company that uses industry specific expertise to generate and administer investment opportunities for its own account and for outside investors in the real estate, commercial finance, and financial fund management sectors. For more information please visit our website at www.resourceamerica.com or contact Marketing and Investor Relations at email@example.com.
About Apidos Capital Management, LLC
Apidos Capital Management, LLC forms part of the global credit platform of Resource America, Inc. Apidos manages approximately $5.8 billion of speculative grade credit assets across multiple portfolios including Collateralized Loan Obligations, Credit Opportunity Funds and Separate Accounts.
Certain matters discussed within this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include financial performance, regulatory changes, changes in local or national economic conditions and other risks detailed from time to time in the Company's reports filed with the SEC, including quarterly reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K. The Company undertakes no obligation to update or revise any forward-looking statement to reflect new or changing information or events.