8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): July 30, 2012

CIFC CORP.
__________________________________________
(Exact name of registrant as specified in its charter)

Delaware	1-32551	20-2008622
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
250 Park Avenue, 4th Floor, New York, New York		10177
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: (212) 624-1200

Not Applicable
______________________________________________
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01. Regulation FD Disclosure.

The Company issued a press release announcing a strategic transaction with GE Capital’s bank loan business on the filing date of this Current Report on Form 8-K. A copy of the press release is attached hereto and furnished herewith as Exhibit 99.1.

The information in this Item 7.01 of this Current Report on Form 8-K, including the information contained in Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section. Furthermore, the information in Item 7.01 of this Current Report on Form 8-K, including the information contained in Exhibit 99.1, shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
	99.1	Press release dated July 30, 2012 of CIFC Corp.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	CIFC CORP.
July 30, 2012	By:	Robert C. Miton III
		Name: Robert C. Miton III
		Title: General Counsel and Secretary

Exhibit Index

Exhibit No.	Description
99.1	Press Release dated July 30, 2012 of CIFC Corp.

EX-99.1

Exhibit 99.1

CIFC CORP. ANNOUNCES STRATEGIC TRANSACTION WITH GE CAPITAL’S BANK LOAN BUSINESS

NEW YORK, July 30, 2012 — CIFC Corp. (NASDAQ: DFR) (“CIFC”) announced plans to enter into a 5 year strategic relationship with GE Capital’s Bank Loan business, pursuant to which:

• A commercial council comprised of senior members of both GE Capital and CIFC will be formed and meet regularly to assist in the exploration of business opportunities between the two firms, and to facilitate third party investment advisory referrals. Peter Gleysteen, Chief Executive Officer of CIFC, and Neeraj Mehta, a GE Officer, are slated to serve as co-chairs of the commercial council.

• GE Capital Debt Advisors LLC, a wholly-owned indirect subsidiary of GE Capital, is exiting its third party investment advisory business, and has agreed to assign its role as manager of four “Navigator” collateralized loan obligation funds representing approximately $700 million in AUM to CIFC Asset Management LLC, a wholly-owned subsidiary of CIFC.

• GE Capital will receive 1 million shares of CIFC common stock, warrants to purchase two million shares of a newly created class of non-voting CIFC preferred stock, and $4.88 million in cash from CIFC;

• GE Capital has the right to appoint an executive to CIFC’s Board of Directors.

CIFC’s Peter Gleysteen said: “We are excited about this strategic alliance and specific opportunities the combination will allow us to pursue, including new investments for investors. Partnering with GE Capital also positions CIFC for unique opportunities at the intersection of GE Capital’s business as a leading corporate lender and our loan asset management platform.”

GE Capital’s Neeraj Mehta stated: “We look forward to finding complementary and mutually beneficial ways for our institutions to work together to create value and are excited to be a meaningful shareholder in CIFC.”

The transaction is expected to close in September 2012. Berkshire Capital Securities advised CIFC in the transaction.

About CIFC
CIFC, based in New York, is the largest specialized asset manager of senior secured corporate loans in the world. CIFC combines what it believes are the best underwriting, portfolio management and value maximization practices to generate attractive and consistent returns for investors. CIFC’s heritage CIFC CLO fund family has market leading performance in the U.S. managed CLO segment. The firm manages $10.3 billion across 28 CLOs as of March 31, 2012 and serves more than 200 institutional investors in North America, Europe, Asia and Australia. For more information, please CIFC’s website at www.cifc.com.

About GE Capital

GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit www.gecapital.com or follow company news via Twitter (@GECapital).

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company’s website at www.ge.com.

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 CIFC’s or GE Capital’s control. Caution must be exercised in relying on forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof, and neither CIFC nor GE Capital undertakes any obligation to update any forward-looking statement to reflect subsequent events, new information or circumstances arising after the date hereof.

CIFC Contacts:

Investor Inquiries:
+1 (212) 624-1200
ir@cifc.com

Media Inquiries:
Stan Neve/ Andrew Roth
+1 (212) 333-3810

GE Capital Contact:
Ned Reynolds
+1 (203) 229-5717