Avenue Capital Group Issues Statement

NEW YORK, July 31, 2013 /PRNewswire/ -- Avenue Capital Group today issued the following statement:

The Form 4 filed at approximately 3:19 pm ET today by Marc Lasry and Avenue Capital Management II, L.P. reporting the purchase of YRC Worldwide Inc. common shares on July 29, 2013 contained an inaccurate transaction amount in Item 4 of Table I.  The error was the result of a clerical inaccuracy in the computerized form filing. The ownership amount reported in Item 5 of Table I of the Form 4 was correct. Mr. Lasry and Avenue Capital Management II, L.P. have since filed an amended Form 4 which reflects the accurate transaction amount in Item 4 of Table I.

About Avenue Capital Group
Avenue Capital Group is a global investment firm focused on undervalued opportunities in the private and public debt, equity and real estate markets in the U.S., Europe and Asia.  As of June 30, 2013, Avenue oversees approximately $12.2 billion of assets under management.

Contact:

Todd Fogarty


Kekst and Company


212-521-4854


todd-fogarty@kekst.com

SOURCE Avenue Capital Group



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