FSI Capital, LLC Announces Completion of the Assumption of Collateral Management of 18 CDOs

Business Wire, June 12, 2008

NEW YORK -- FSI Capital, LLC ("FSI Capital"), the parent company of Solidus Capital, LLC ("Solidus"), announces today that Solidus has successfully assumed the collateral management of eighteen (18) ABS collateralized debt obligations ("CDOs") formerly managed by ACA Management, L.L.C.

Stephan R. Kuppenheimer, Chief Executive Officer of FSI Capital, commented, "The assumption of ACA's ABS asset management business underscores our commitment to the structured finance space. This is the largest single CDO management acquisition and would not have been possible without the hard work and creativity of many individuals at FSI and ACA."

Karim Berichi, Head of ABS Investments for FSI Capital, commented, "The transfer of the management of these CDOs required the consent of most of the senior debt investors in the market as well as the rating agencies. Obtaining all of these approvals during a challenging market is a tribute to the expertise and qualifications of our team."

FSI Capital is a leading alternative fixed income asset management company based in New York. With the completion of this transaction, FSI Capital, through its affiliates and subsidiaries, manages over twenty-five CDOs totaling over $15 billion in assets under management.