Telos Asset Management LLC Announces Certain Classes of Telos CLO 2006-1 Have Received Ratings Upgrades From Standard & Poor's

NEW YORK, Jan. 13, 2014

Telos CLO 2006-1 Ltd.

Class	To	From
A-2	AAA ARIVA.DE Börsen-Geflüster Kurse Tiptree Financial 15,87 $ 0,00%	AA+ / Watch Pos
B	AA+	A+ / Watch Pos
C	AA-	A-     / Watch Pos
D	BBB+	BBB- / Watch Pos
E	BB	BB- / Watch Pos

The rating agency had also affirmed its 'AAA' rating on the Class A-1D, A-1R and A-1T notes from Telos 1.  Standard & Poor's rationale for the stated upgrades included the continued pay downs to the Class A-1D, A-1R and A-1T notes as well as improvements in overcollateralization and portfolio quality.

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 September 30, 2013, Telos has approximately $1.5 billion of assets under management, which consists of four matched funded CLOs and a CLO warehouse.

About Tiptree Financial Inc.
Tiptree is a diversified holding company which conducts its operations through its operating subsidiary, Tiptree Operating Company, LLC. Tiptree operates in four segments: insurance and insurance services, specialty finance (including corporate, consumer and tax-exempt credit), asset management and real estate.  

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SOURCE Tiptree Financial Inc.; Telos Asset Management LLC