Regan Distressed Credit

Fund, LP

Fund Investment Objectives

The Investment Manager is an opportunity-driven manager focused on asset-backed debt instruments in the financial sector. The Fund will seek to achieve its investment objective primarily by capitalizing on out-of-favor, analysis-intensive securities. The Fund will focus on investments that provide large margins of safety as a function of price paid versus future expected cash-flows,high current income as a percentage of price paid and defined appreciation catalysts.