Deerfield Capital Expands High-Yield Bond Trading Capabilities With Hire of Mitch Wilner

CHICAGO, Aug. 4 /PRNewswire-FirstCall/ -- Deerfield Capital Corp. (Nasdaq: DFR) ("Deerfield" or the "Company") today announced that Mitch Wilner, a high-yield bond trader and portfolio manager formerly with Pacific Investment Management Co. ("PIMCO"), has joined Deerfield as a managing director and portfolio manager to enhance and grow its high-yield bond trading capabilities.  "We are very excited to welcome Mitch to the team and are looking forward to applying his expertise to bolster our highyield bond trading platform," said Jonathan Trutter, Deerfield's Chief Executive Officer.  "We expect to launch new products over time to take advantage of Mitch's experience and relationships."

Mr. Wilner has over 20 years of investment experience in the fixed income markets and has spent the past five years as a portfolio manager and senior high-yield trader at PIMCO.  While at PIMCO, Mr. Wilner served as co-portfolio manager for several closed-end mutual funds, including the PIMCO High Income Fund, the PIMCO Corporate Opportunity Fund and the PIMCO Corporate Income Fund, and as lead portfolio manager for a number of institutional accounts.  Prior to joining PIMCO, Mr. Wilner served as a senior high-yield trader for Northwestern Mutual for two years. Before joining Northwestern Mutual, he was a high-yield bond trader with Deutsche Bank Scudder Investments for 10 years.  

About the Company

Deerfield, through its subsidiaries, Deerfield Capital Management LLC and CNCIM, manages client assets, including bank loans and other corporate debt, residential mortgage backed securities, government securities and asset-backed securities. In addition, Deerfield has a principal investing portfolio comprised of fixed income investments, including bank loans and other corporate debt and residential mortgage backed securities.

For more information, please visit Deerfield's website, www.deerfieldcapital.com.

NOTES TO PRESS RELEASE

Certain statements in this press release are forward-looking as defined 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. Forward-looking statements are also based on predictions as to future facts and conditions, the accurate prediction of which may be difficult and involve the assessment of events beyond the control of DFR and its subsidiaries. Forward-looking statements are further based on various operating assumptions. Caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, including the risk that the assumptions on which the forward-looking statements are based prove to be inaccurate, actual results may differ materially from expectations or projections. DFR does not undertake any obligation to update any forwardlooking statement, whether written or oral, relating to matters discussed in this press release, except as may be required by applicable securities laws.

SOURCE Deerfield Capital Corp.

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