Stone Phillips Reports on the First Head Impact Study in Youth Football


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Will Appear on ABC’s The View Monday, January 30th


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NEW YORK, Jan. 27, 2012 /PRNewswire/ – Stone Phillips, former Dateline NBC and ABC News 20/20 reporter, returns to the field with Hard Hits, Hard Numbers: The First Study of Head Impacts in Youth Football.”  This exclusive story, to be released on StonePhillipsReports.com Friday, January 27th, reveals the findings of a groundbreaking Virginia Tech study, which placed instrumented helmets on 7- and 8-year-old football players.  Data was collected on more than 750 hits to the head over the course of a season.  With some impacts reaching magnitudes considered high even for college players, the findings provide the first quantitative assessment of the acceleration that young brains are exposed to in youth football.

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Lead researcher Stefan Duma, who has been gathering data on head impacts among college players at Virginia Tech for nine seasons, describes the results of the youth study as “surprising.”  ”The highest impact we measured was 100g, which puts you right in the middle average of a concussion,” Duma tells Phillips.

Dr. Gunnar Brolinson, head of Virginia Tech‘s Sports Medicine Department, remarks, “With the kids, when you start seeing 50, 60, 70, 80g blows, you’re just going ‘Wow!’ That is really impressive in terms of the load that’s occurring.  And again, you’ve got a young athlete and a developing brain subject to those kinds of loads. So it’s concerning.”

Significantly, 29 of the top 38 hits and all impacts over 80gs occurred during practices.  ”This shows how important our research is.  Without the sensors, we would never have known this. We can change the practices like we’ve done at college and dramatically minimize risk,” says Professor Duma.

The study, expected to be published this spring, was funded through a grant from NHTSA and conducted through the Virginia Tech-Wake Forest Center for Injury Biomechanics.

“Hard Hits, Hard Numbers” features interviews with Stefan Duma, Professor of Biomedical Engineering, Gunnar Brolinson, team doctor and head of Virginia Tech Sports Medicine, John Clark, coach of the participating youth football team, and team parents. 

Stone Phillips, who suffered two sports-related concussions during his high school and college years, says, “We all know how fierce the hitting is in professional, college and even high school football.  For the first time, this study gives hard, sobering numbers on head impacts among the youngest players.”

Stone Phillips will appear on ABC’s The View on Monday, January 30th, to discuss this important story.  The story can be viewed in its entirety on StonePhillipsReports.com.

SOURCE StonePhillipsReports.com

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National Hispanic Caucus of State Legislators (NHCSL) Proudly Announces David Ferreira as Executive Director


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WASHINGTON, Jan. 27, 2012 /PRNewswire/ – After an extensive search, the National Hispanic Caucus of State Legislators (NHCSL) announces David Ferreira as the organizations Executive Director.

With over 15 years of experience in Washington, D.C., David Ferreira is no stranger to government formation, political advocacy and Hispanic based issues. Prior to NHCSL, he was a partner at Hispanic Strategy Group, a boutique government relations firm, preceding his four year tenure as Vice President of Government Relations for the United States Hispanic Chamber of Commerce (USHCC). 

“We will continue a proud legacy of successful advocacy for the Hispanic community while further strengthening our capabilities, improve member satisfaction and place a renewed focus on the needs of the fast growing number of Latino legislators throughout nation,” said David Ferreira, NHCSL Executive Director. “I am proud to be part of this organization whose critical mission is to help Hispanic legislators be more effective in their advocacy, both nationally and locally.”

Representative Minnie Gonzalez (CT), NHCSL President, said Ferreira’s broad range of skills, multiple facets of government relations and extensive fundraising experience can help lead the organization to greater heights.

David Ferreira has a successful history of leadership and development in government relations that will serve NHCSL well,” said Representative Gonzalez (CT), NHCSL President.  “David is a valuable addition to the NHCSL executive team. Among many talented individuals, we chose David for his wide ranging experience along with his deep commitment to Hispanic political empowerment making David an exceptional asset for the NHCSL. We look forward to an exciting period with a focus on empowering our members under his leadership.”

The NHCSL is the premier national association of Hispanic state legislators working to design and implement policies and procedures that will improve the quality of life for Hispanics throughout the country.  NHCSL was founded in 1989 as a nonpartisan, nonprofit 501(c)(3) organization with the mission to be the most effective voice for the more than 340 Hispanic legislators.  For more information visit www.nhcsl.org.

SOURCE National Hispanic Caucus of State Legislators (NHCSL)

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Prologis Announces Tax Treatment of 2011 Distributions


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SAN FRANCISCO, Jan. 27, 2012 /PRNewswire/ – Prologis, Inc. (NYSE: PLD), the leading global owner, operator and developer of industrial real estate, today announced the tax treatment of its 2011 distributions.  The tables attached as exhibits reflect the tax treatment of distributions made prior to the merger on ProLogis common shares and preferred shares and for the full year on AMB Property Corporation common stock and preferred stock.  Exhibit A presents information relative to ProLogis common shares and AMB common stock, including common stock of the combined company.  Exhibit B presents information relative to ProLogis preferred shares and AMB preferred stock, including preferred stock of the combined company. Please refer to the attached exhibits for CUSIP changes related to common and preferred shares.

On June 3, 2011, AMB Property Corporation and ProLogis completed their merger and became Prologis, Inc. Under the structure of the merger, AMB Property Corporation was the legal acquirer and ProLogis was the accounting acquirer.  AMB Property Corporation was renamed Prologis, Inc. effective as of the date of merger. Under the terms of the merger agreement, each ProLogis common share outstanding immediately prior to the closing was converted into the right to receive 0.4464 of a newly issued share of the combined company’s common stock.  Each legacy AMB share, held by a former AMB stockholder, remained outstanding as a share of the combined company’s common stock.  Each preferred share of ProLogis was exchanged for one newly issued  share of preferred stock of the combined company and each share of AMB preferred stock remained outstanding as a share of preferred stock of the combined company.    

If you held shares of common or preferred stock of AMB Property Corporation or Prologis, Inc. or common or preferred shares of ProLogis in your name at any time during 2011, an IRS Form 1099-DIV will be provided to you by Computershare, Prologis, Inc.’s transfer agent, on or about January 31, 2012.  If you held shares in “street name” during 2011, the IRS form provided by your bank, brokerage firm or nominee may report only the gross distributions paid to you.  Therefore, you may need the information set forth in the attached to properly complete your federal tax return.

The attached information has been prepared using the best available information to date. Prologis, Inc.’s federal income tax return for the year ended December 31, 2011 has not yet been filed.  Please note that federal tax laws affect taxpayers differently, and we cannot advise you on how distributions should be reported on your federal income tax return.  Please also note that state and local taxation of REIT distributions vary and may not be the same as the federal rules.  Prologis, Inc. thus urges you to consult with your own tax advisor with respect to the federal, state and local income tax consequences of these distributions.

About Prologis
Prologis, Inc. is the leading owner, operator and developer of industrial real estate, focused on global and regional markets across the Americas, Europe and Asia.  As of September 30, 2011, Prologis owned or had investments in, on a consolidated basis or through unconsolidated joint ventures, properties and development projects totaling approximately 600 million square feet (55.7 million square meters) in 22 countries.  The company leases modern distribution facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises.

Exhibit A
Tax Treatment of 2011 Common Distributions

 

Exhibit B
Tax Treatment of 2011 Preferred Distributions

 

 

 

 

 

 

 

 

 

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Hotel Text Messaging App Promises to Increase Hotel Room Sales


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Brings hotels new customers; facilitates reservations staff in booking more rooms; enriches customer experience


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BEDMINSTER, N.J., Jan. 27, 2012 /PRNewswire-iReach/ — InstantRates™ is a hotel mobile app that enables travelers to get a hotel’s available rooms and rates, all by sending a simple text message to a phone number. When prospective guests text a designated keyword to the hotel’s InstantRates™ phone number, within seconds they receive back text messages that tell them the day’s prices and which rooms are available for booking at the hotel (Click the image to the right to enlarge a screenshot).

(Photo:  http://photos.prnewswire.com/prnh/20120127/CG43460)

Hotel and Text: A Powerful Combo

One effective feature of the app is that hotels can send back to the user a phone number of their choosing. For most of today’s smartphones, the phone number sent inside a text message is clickable; that is, the prospect can just press it and it will dial the number automatically.

“Hotel marketing managers and GMs are seeing firsthand how this very simple concept can quickly and easily increase their bookings,” said Barbara Bryant, chief of operations for Gnosis Media Group, the company that created the hotel text app. “Using text message technology to benefit hoteliers is so simple, yet powerfully effective.”

To try a demo or for more information, visit http://s.gnoss.us/InstantRates.

Currently there are three different packages to choose from. Each comes with virtually unlimited text messages:

  1. InstantRates™ Basic: Includes assigned phone number and text messages
  2. InstantRates™ Plus: Includes assigned phone number, text messages, plus a record of user phone numbers who utilize the Service
  3. InstantRates™ Deluxe: Includes assigned phone number, text messages, a record of user phone numbers who utilize the Service, plus the option to include promotional content within the text messages

IntstantRates™ even allows hotels to customize the text messages they send to guests and prospective customers for promotional purposes. For example, hotel managers could add a coupon code or a discount code. Or, they could integrate their messaging with a Foursquare or Facebook check in special. “Imagination’s the limit here,” Bryant said.

“This app is definitely a game-changer for hospitality marketing,” Bryant said. “With no marketing or publicity other than an occasional tweet or Facebook status update, one of our hotel clients sees prospective customers texting to their InstantRates™ number daily.”

The mobile app can send a hotel text message to whomever the hotel chooses, notifying that person the moment someone requests rates at their hotel. Some hotels choose a reservations, front office, or other customer service specialist to whom to send the notifications, thereby providing a richer customer experience. Hotels can also elect to receive the phone numbers of those who utilize the service, which could be useful for customer service following up calls.

“So, imagine the possibilities in a call center situation and for enhanced customer service or sales support,” Bryant said.

The marketing potential of this hotel mobile application is significant. InstantRates™ can increase room revenues, improve phone support, and enhance customer experience. For pricing and inquiries, visit http://s.gnoss.us/InstantRates or call 949.220.1092.

Media Contact: Tiffany Williams-Jallow Gnosis Media Group, (949) 229-1092, tiffany.wjallow@gnosisarts.com

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SOURCE Gnosis Media Group

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CBL Branding Licenses Town & Country® Apparel to Smart Threads, Inc.


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ESTES PARK, Colo., Jan. 27, 2012 /PRNewswire-iReach/ — CBL Branding, LLC has recently licensed Smart Threads, Inc. to design, source, and market Men’s and Women’s Apparel under the Town Country® Brand in the US.  CBL Branding owns and manages several brand registrations, including Tool Time® and Town Country®.   

Smart Threads, Inc. is an international apparel design, sourcing and marketing company that features a diverse portfolio of owned and licensed lifestyle brands, and a collection of private label apparel businesses.  Its US design, sourcing, and marketing offices are in San Francisco.

Smart Thread’s President and Owner David Koo says, “We plan to utilize the rich heritage of the Town Country Brand to bring a uniquely American product to an upscale retail market. The first significant product offering will be available for delivery in the 2012 fall season. While product production has been minimal in recent years, test marketing shows the name recognition to be outstanding at the consumer level.”

According to CBL’s Ron Carson, “Town Country apparel got its start in the US in 1904, and for many decades America’s most fashionable wardrobes included the TC name.  We feel that Smart Threads is the perfect partner to help us engineer the re-emergence of this brand.”

Smart Threads has its manufacturing plant in Tongxiang, China (1.5 hrs outside of Shanghai).   Since 2004, the company has built product for Bugatchi, Field Stream, Nat Nast, Duke Kahanamoku, Backwoods, Jeremiah, Tommy Bahama, Kahala, Sportiff, Maui Jim, Karl Kani, Honolua Surf Company, Pendleton, SHC and many other respected brands.

With 1,500 employees, 1,200 sewing machines, and a strong design team, Smart Threads can offer large and small companies a fully integrated service operation.  From sourcing, design, samples and production, the quality is superior and the business is professional.  For more information, contact:

Other US Town Country registration marks are owned by Hearst Publications (TC Magazine) and Wolverine Worldwide (Footwear). 

Media Contact: GEORGE BARKER CBL BRANDING, LLC, 970.577.0892, cblbranding1@aol.com  

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SOURCE CBL Branding, LLC

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Satellite mapping could help prevent coral reef decline

Belize barrier reef via Shutterstock

A marine ecologist says new satellite mapping should be introduced to help identify and halt the rapid decline of coral reefs. Phil Dustan has been investigating coral reefs for almost 40 years, since famous marine ecologist Jacques Cousteau warned him in 1974 that humans were destroying reefs.

Dr Dustan, now a University of Charleston biology professor, in the United States, believes that by using Landsat satellite mapping the declining reefs, hotspots can be identified and conservation measures put in place.

He says, “There is no reason that a form of temporal texture monitoring could not be implemented with current satellites in orbit.”

Most coral reefs are located in shallow water and can be seen by satellites through passive remote sensing. However, coral, sand and water all reflect light and satellites do not provide the level of spatial or spectral resolution required to separately identify them.

Rather than trying to classify the complex ecosystems, Dr Dustan studies the changes and variations in reflectance levels.

Left: A Landsat pixel-based map showing where the most change has been detected on Caryfort Reef between 1984 and 1996. Right: The spine of elevation shows where the most change has occurred, for Carysfort this change has been correlated with coral decline

He uses a timed series of data from Landsat images to work out the temporal texture – a map that identified changes based on analysing statistics from the reflectance data. Although the type of change cannot be identified, Dr Dustan can locate where major changes have taken place and these often indicate reef decline.

Dr Dustan says temporal texture maps provide scientists with a new method of examining coral reefs.

One example is at Carysfort Reef, in Florida Keys. From 1974 to 1999, research from Dr Dustan and colleagues showed the coral had declined a massive 92%, due to fatal diseases and other factors.

Using 30 Landsat images from 1982-1996, Dr Dustan created temporal texture maps, which identified areas that were known to have suffered major coral loss and that the seaward shallow areas fared worst. The repeated calibration of Landsat images ensures consistency.

At least eight Landsat images are needed for a reliable temporal texture map, but the more used, the better.

rainforest deforestation.

There was a 92 percent loss of living coral on Carysfort between 1975 and 2000. Credit: Dustan and Halas; FKNMS Coral Reef Evaluation and Monitoring Project

The launch of Landsat 7 in 1999 allowed images of coral reefs to be regularly captured and the first survey of worldwide reefs was completed by the Millennium Global Coral Reef Mapping Project. In future, it is hoped that more historic images of reefs can be added, as countries outside America may have more Landsat images of their reefs on record.

The Landsat Program includes various satellite missions, managed by the North American Space Agency and the US Geological Survey, that observe the Earth. Landsat satellites were first launched in 1972.

Article source: http://feedproxy.google.com/~r/earthtimes/environment/~3/PwuKYZbAnQ8/

Talking water at Davos

Water carrying aqueduct, outside Los Angeles, California via Shutterstock

Water is playing a major role at the World Economic Forum, in Davos, this week. There is the launch of a new initiative, the Water Resources Group, a public-private partnership tasked with supporting developing countries facing water scarcity with water reforms. The WRG, initiated in 2010, has engaged several countries, including India, Mexico, Jordan, China, and South Africa in a process summed up by the nifty acronym ACT (analysis – convening – transformation). The next step is to analyze the results of these pilots and develop a proof of concept which will be the foundation for a new public-private entity that will support water management reforms in developing countries for the long term.

Members include the World Bank’s International Finance Corporation, USAID, McKinsey Company, and a consortium of business interests, including Nestle, New Holland Agriculture, and Coca-Cola. One could be excused for becoming fearful of water privatization upon glancing at the membership list. And surely this will be an issue moving forward. This angle, of course, is that the WRG represents the unification of multinational corporations in an effort to influence water policy in developing countries to their benefit and at the expense of the local population and environment.

The critics will also decry the difficulty of implementing such an effort. Water issues are highly localized. Developing a model applicable to all situations will be quite a challenge. And let’s face it: the corruption plaguing many developing countries will pose a significant obstacle to real, equitable water management reforms at the national level.

On the other hand, the elevation of the water dialogue to this level is clearly warranted and necessary what with the spectre of climate change, rising population, and constrained resources. That business, banks, NGO’s, and others are at least talking about water issues at the global level is refreshing. Developing national water plans, as is the goal of the WRB, has the potential to be a useful and revolutionary tool. The US, which has been criticized for not having one, could do well to sit up and listen as well.

The World Economic Forum is taking water seriously. It’s initiated the WRG and it’s produced two compelling reports: Charting Our Water Future and Water Security: The Water-Food-Energy-Climate Nexus. This is a good thing, despite fears of water privatization, so long as a balance between business, public, and environmental needs are maintained. A glance at the WRG export advisory committee indicates the potential for such a balance. Peter Gleick, a visionary water policy guy from the Pacific Institute, is there, as well as representatives from World Wildlife Fund and the International Water Management Institute.

The results of WRG pilots could certainly serve as a model for national water reforms. This is important and difficult work but someone has to do it. The concept – leveraging the expertise and perspective of a multi-stakeholder platform to help governments implement water reform – is innovative and thoughtful. Of course, questions linger. How will local stakeholders interface with the group? Will business, public, and environmental needs be balanced? Is this a viable model moving forward? Only time will tell.

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Troop Fuel Energy Drink Launches with Mission to Support Veterans


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CHICAGO, Jan. 27, 2012 /PRNewswire/ — “We Support Our Troops.” That’s the mission statement behind Troop Fuel as the company launches its inaugural beverage line.

(Photo: http://photos.prnewswire.com/prnh/20120127/CG42925)

Packaged exclusively in Rexam 12 oz. SLEEK™ cans, Troop Fuel is available in original and sugar free. Both use only 55mg of caffeine and a distinctive blend of vitamins and nutrients to deliver sustained energy and enhance performance.

However, the company’s focus extends beyond providing consumers with a delicious health and energy drink option. Troop Fuel’s mission is to thank and support the millions of men and women who have served in the U.S. Armed Forces. Ten percent of the profits from its sales are being donated to veteran’s causes which have included the National Guard Emergency Relief Fund, the Wounded Warrior Project, Wheelers4Warriors and Troop Vision, the company’s own nonprofit organization whose goal is eradicating veteran homelessness by 2017.

“Honoring and protecting our nation’s heroes – our veterans – is an important part of our business model,” said Brian McCollom, CEO/President, Troop Fuel. “Our hope is that we can reignite a new era of American business targeting philanthropic activity. To help us get there, we have chosen to team with companies who are committed to delivering value. One such partner is Rexam, whose packaging, customer service and dedication to assisting startups deserves to be noted and praised. We are proud to have them as a partner in quality.” 

The company chose Rexam SLEEK cans because they help the beverage stand out on retail shelves and are the most sustainable package choice as aluminum cans are the most recycled beverage package in the world.

“We’re proud to support and team with Troop Fuel to help build their business and brand with the most economically-efficient and environmentally-friendly package in the world,” said Andre Balbi, President and CEO, Rexam Beverage Can Americas. “We admire Troop’s business model, delivering customer value while supporting a great charitable cause, and we look forward to the company’s further success.”

Troop Fuel is currently available at select retailers in Arizona and Alabama and will continue to roll out nationally.

About Troop Fuel
Troop Fuel© is an American made health and energy drink.  We offer consumers ‘A Better Choice’ not only in taste, but also in remembrance of our Nation’s Veterans with 10% of the profits going to Veteran’s causes. For more information, visit www.troopfuel.com.

About Rexam
Rexam’s vision is to be the best global consumer packaging company. We are one of the largest beverage can makers in the world, and a major global player in rigid plastic packaging. We are business partners to some of the world’s most famous and successful consumer brands as well as young, entrepreneurial start-ups. Rexam’s ordinary shares are listed with the UK Listing Authority and trade on the London Stock Exchange under the symbol REX. For further information, visit Rexam’s website at www.rexam.com.

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Mission West Properties, Inc. Announces 2011 Dividend Income Tax Treatment


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CUPERTINO, Calif., Jan. 27, 2012 /PRNewswire/ – Mission West Properties, Inc. (NASDAQ: MSW) announced today the tax treatment of its 2011 dividend distributions on its Common Stock. The table below shows the amounts and dates of the quarterly dividend distributions to be reported on the 2011 Form 1099-DIV to shareholders.

The dividends classified as taxable ordinary income are not “qualified dividend income” and, therefore, are not eligible for capital gains rates. Dividend distributions which are declared and recorded during a calendar year and paid within 30 days of the end of the year are included in that year’s distributions. Accordingly, the Company’s 2011 dividend distributions include the January 5, 2012 payment to holders of Common Stock.

Company Profile

Mission West Properties, Inc. operates as a self-managed, self-administered and fully integrated REIT engaged in the management, leasing, marketing, development and acquisition of commercial RD properties primarily located in the Silicon Valley portion of the San Francisco Bay Area. Currently, the Company manages 111 properties totaling approximately 8.0 million rentable square feet. For additional information, please contact Investor Relations at 408-725-0700.

 

 

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DoubleLine Launches DoubleLine Opportunistic Credit Fund


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DoubleLine’s First Closed-End Fund Begins Trading on the New York Stock Exchange

 

LOS ANGELES, Jan. 27, 2012 /PRNewswire/ — The DoubleLine Opportunistic Credit Fund (the “Fund”) has completed an initial public offering of common shares and has listed on the New York Stock Exchange, Fund adviser DoubleLine Capital LP (“DoubleLine”) announced today. Organized as a non-diversified, closed-end management investment company, the Fund trades under the symbol DBL.

The Fund raised approximately $326.5 million in proceeds (before deduction of the sales load and offering expenses and exclusive of the underwriters’ overallotment) in the initial public offering of 13,060,000 common shares at $25 per share. The Fund has granted the underwriters an option to purchase additional common shares at the public offering price less the sales load within 45 days of the date of prospectus, solely to cover overallotments, if any. Assuming full exercise of the underwriters’ overallotment option, which may or may not occur, overall sales totaled approximately $375.25 million.

Wells Fargo Securities, LLC was the lead manager of the underwriting; UBS Securities LLC was the co-lead. Barclays Capital Inc., BBT Capital Markets, J.J.B. Hilliard, W.L. Lyons, LLC, Janney Montgomery Scott, Ladenburg Thalmann Co. Inc., Morgan Keegan Company, Inc. and Wedbush Securities Inc. were co-managers.

The Fund’s investment objective is to seek high total investment return by providing a high level of current income and the potential for capital appreciation. The Fund will seek to achieve its investment objective by investing in a portfolio of investments selected for their potential to provide high current income, growth of capital, or both. There is no guarantee that the Fund will achieve its investment objective. Fund investing involves the risk of principal loss.

Jeffrey Gundlach, who is the founder, Chief Executive Officer and Chief Investment Officer of DoubleLine, is principally responsible for implementing the Fund’s overall strategy. Philip Barach, co-founder and President of DoubleLine, assists in the implementation of the strategy.

In addition to Mr. Gundlach and Mr. Barach, portfolio managers Joel Damiani and Joseph Galligan assist in managing the Fund’s investments in mortgage-backed securities and other structured products. Portfolio manager Luz Padilla manages the emerging markets debt portion of the portfolio. Portfolio manager Bonnie Baha manages the Fund’s investments in global developed credit (including corporate and sovereign debt of issuers in developed markets).

The Fund may invest in debt securities and income-producing investments of any kind, including, without limitation, residential and commercial mortgage-backed securities, asset-backed securities, U.S. Government securities, corporate debt, international sovereign debt, and short-term investments. DoubleLine allocates the Fund’s assets among market sectors, and among investments within those sectors, consistent with what DoubleLine considers an appropriate level of risk in light of market conditions prevailing at the time.

The Fund may invest in securities of any maturity, and the Fund’s average duration will vary from time to time, potentially significantly, depending on DoubleLine’s assessment of market conditions and other factors. Duration is a measure of the expected life of a debt instrument that is used to determine the sensitivity of a security’s price to changes in interest rates. “Effective” duration is a measure of the Fund’s portfolio duration adjusted for the anticipated effect of interest rate changes in bond and mortgage prepayment rates. DoubleLine currently expects that the Fund’s dollar-weighted average effective duration will initially be between three and seven years. The duration and effective duration of the Fund’s investment portfolio may vary significantly from time to time.

The Fund does not intend to employ investment leverage initially. Subject to DoubleLine’s determination that the then-current market conditions are favorable, the Fund intends, at a future date, to add leverage to its portfolio by using reverse repurchase agreements, dollar roll transactions or similar transactions, and/or borrowings, such as through loans or lines of credit from banks or other credit facilities. The Fund will, however, limit its use of leverage from reverse repurchase agreements, dollar roll transactions or similar transactions, and/or borrowings, such that the assets attributable to the use of such leverage will not exceed 33 1/3% of the Fund’s total assets (including the amounts of leverage obtained through the use of such instruments).

About DoubleLine Opportunistic Credit Fund

The DoubleLine Opportunistic Credit Fund (the “Fund”) is a newly organized, non-diversified, closed-end management investment company. The Fund’s investment objective is to seek high total investment return by providing a high level of current income and the potential for capital appreciation. There is no guarantee that the Fund will achieve its investment objective. Fund investing involves the risk of principal loss. DoubleLine Capital LP acts as the investment adviser for Fund.

About DoubleLine Capital LP

DoubleLine Capital LP (“DoubleLine”) is an investment management firm and a registered investment adviser under the Investment Advisers Act of 1940. The firm is majority employee-owned with CEO Jeffrey Gundlach and President Philip Barach holding a combined controlling interest in the firm. As of January 27, 2012, DoubleLine manages more than $24 billion in assets held in open-end mutual funds, the Fund, separate accounts and hedge funds. The firm’s Los Angeles offices can be reached by telephone at (213) 633-8200 or by e-mail at info@doubleline.com. DoubleLine® is a registered trademark of DoubleLine Capital LP.

News media contact: Lewis Phelps, e-mail lew_phelps@sitrick.com, phone 310-890-7369

As the Fund is newly organized, its shares have no history of operations or public trading. Shares of closed-end investment companies frequently trade at a discount to their net asset value, which may increase investors’ risk of loss. This risk may be greater for investors expecting to sell their shares in a relatively short period after the completion of this public offering. There are risks associated with an investment in the Fund. Investors should consider the Fund’s investment objective, risks, charges and expenses carefully before investing. The prospectus, which contains this and other important information about the Fund, should be read carefully before investing. A copy of the prospectus can be obtained from DoubleLine Capital LP by calling 1-213-633-8200. An investment in the Fund should not constitute a complete investment program.

There is no assurance that the Fund will achieve its investment objective.

This document is not an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale or offer of these securities, in any jurisdiction where such sale or offer is not permitted.

Fund investing involves risk. Principal loss is possible.

Investments in debt securities typically decline in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in asset-backed and mortgage-backed securities include additional risks that investors should be aware of including credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. The Fund invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods.  These risks are greater for investments in emerging markets.  Investments in lower rated and non-rated securities present a great risk of loss to principal and interest than higher rated securities.

Past performance is no guarantee of future results.

This material may include statements that constitute “forward-looking statements” under the U.S. securities laws. Forward-looking statements include, among other things, projections, estimates, and information about possible or future results related to the Fund, market or regulatory developments. The views expressed herein are not guarantees of future performance or economic results and involve certain risks, uncertainties and assumptions that could cause actual outcomes and results to differ materially from the views expressed herein. The views expressed herein are subject to change at any time based upon economic, market, or other conditions and DoubleLine undertakes no obligation to update the views expressed herein. While we have gathered this information from sources believed to be reliable, DoubleLine cannot guarantee the accuracy of the information provided. Any discussions of specific securities should not be considered a recommendation to buy or sell those securities. The views expressed herein (including any forward-looking statement) may not be relied upon as investment advice or as an indication of the Fund’s trading intent. Information included herein is not an indication of the Fund’s future portfolio composition.

The Fund is a “non-diversified” investment company and therefore may invest a greater percentage of its assets in the securities of a single issuer or a limited number of issuers than funds that are “diversified.” Accordingly, the Fund is more susceptible to risks associated with a single economic, political or regulatory occurrence than a diversified fund might be.

 

SOURCE DoubleLine Capital LP

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