CIFC Deerfield Added to Russell 3000 and Russell 2000 Indexes

NEW YORK, July 5, 2011 /PRNewswire/ -- CIFC Deerfield Corp. ("CIFC" or "the Company") (NASDAQ: DFR), a leading credit asset management firm, was added to the Russell 3000 and 2000 Indexes on June 24, 2011, following the rebalancing of Russell Investments' equity indexes. The addition is part of Russell Investments' annual rebalancing of its family of indexes to ensure that they reflect the changes in the market environment, capitalization and style across sectors.

"We are pleased to join the Russell Indexes just a few months after the closing of the CIFC and Deerfield merger.  This is a pivotal time for our firm's growth and we are committed to building long-term value for our existing and new stockholders," said Peter Gleysteen, Chief Executive Officer.

Russell Investments ranks the U.S. common stocks from the largest to smallest market capitalization at each annual reconstitution. The Russell 3000 Index measures the performance of the largest 3000 U.S. companies representing approximately 98% of the investable U.S. equity market.

About CIFC

CIFC, based in New York, is one of the largest senior secured corporate loan asset management firms globally. The firm currently serves over 250 institutional investors in North America, Europe, Asia and Australia, and manages $15 billion of client assets as of May 31, 2011, including $11.3 billion across 30 CLOs. The firm's heritage CIFC collateralized loan obligation ("CLO") fund family has market-leading performance in the U.S. managed CLO segment. For more information, please visit our website at www.cifc.com.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements, as permitted by the Private Securities Litigation Reform Act of 1995. These include statements regarding future results or expectations. Forward-looking statements can be identified by forward-looking language, including words such as "believes," "anticipates," "expects," "estimates," "intends," "may," "plans," "projects," "will" and similar expressions, or the negative of these words. Such forward-looking statements are based on facts and conditions as they exist at the time such statements are made, various operating assumptions and predictions as to future facts and conditions, which may be difficult to accurately make and involve the assessment of events beyond the Company's control. Caution must be exercised in relying on forward-looking statements. The Company's actual results may differ materially from the forward-looking statements contained in this press release as a result of certain factors and risks, including those described from time to time in the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and the Company's other filings with the SEC.

The forward-looking statements contained in this press release are made as of the date hereof, and the Company does not undertake any obligation to update any forward-looking statement to reflect subsequent events, new information or circumstances arising after the date hereof. All future written and oral forward-looking statements attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referenced above.

SOURCE CIFC Deerfield Corp.