Telos Asset Management LLC ("Telos"), a subsidiary of Tiptree Financial Inc. ("Tiptree") (NASDAQ:TIPT), announced that Telos CLO 2014-6, Ltd. ("Telos 6"), a collateralized loan obligation vehicle ("CLO") for which it acts as collateral servicer, has satisfied its Effective Date requirements for Moody's Investors Service and received ratings confirmation from Standard & Poor's Rating Services. Telos 6 closed the issuance of $359.9 million of notes on December 3, 2014. The notes are secured primarily by broadly syndicated senior-secured loans. BNP Paribas Securities Corp. acted as the initial purchaser for the transaction.

John McCormick, President and Chief Investment Officer of Telos, stated, "We are continuing on the growth track we established for the business and are thankful for the continued support of our investors.”

Telos 6 is the sixth CLO for which Telos serves as collateral servicer.

About Telos Asset Management LLC

Telos is an asset management company focused on investing in corporate credit either through managed accounts or structured investment vehicles such as CLOs. As of December 31, 2014, Telos has approximately $1.9 billion of assets under management, which consists of six matched funded CLOs.

About Tiptree Financial Inc.

Tiptree is a diversified holding company engaged through its consolidated subsidiaries in a number of businesses and is an active acquirer of new businesses. Tiptree, whose operations date back to 2007, currently has subsidiaries that operate in five segments: insurance and insurance services, specialty finance, asset management real estate and corporate and other (which includes Tiptree’s principal investments).

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