NYSSA's Value Investing Committee presents

Distressed Investors Market Panel/Breakfast Discussion

A panel of distressed investing professionals will discuss current issues in distressed debt investing and corporate restructuring as well as the outlook for the next distressed cycle. This timely, important program will address key questions arising from remarkably quick return of cheap debt while shedding light on new developments and opportunities in distressed debt. Panelists will discuss: Landmark bankruptcies and legal decisions, and their impact on the future of distressed investing Current credit markets and whether we are in the midst of another credit bubble similar to 2006 and 2007 with the return of covenant-lite deals and dividend recaps Where is value in the current market Issues in leveraged loan and high yield documentation that are likely to lead to problems or litigation in the next downturn How high of a hurdle could the impending maturity wall prove to be

DATE: Tuesday, July 19, 2011 TIME: 8:00 a.m.10:30 a.m. LOCATION: NYSSA Conference Center 1540 Broadway, Suite 1010, NYC REGISTRATION DEADLINE: Register by Monday, July 18, 2011 CREDIT: 1 CE/CPE CHAIRS: Chris Kehoe, CFA Arvinder Saluja, CFA

TOREGISTER:FilloutthefollowingsectioncompletelyandgivetoanyNYSSAemployeeorfaxto2125414677.

Distressed Investors Market Panel/Breakfast Discussion Register by July 18, 2011 $35 NYSSA/DDIC Member $60 Nonmember

Name Title Company Address City/State/Zip PhoneFax Member#

Card # Exp.Date Nameon Card Signature BillingAddress EmailAddress

By registering for and attending this event, you acknowledge that any photographs that may be taken are the property of NYSSA and give your consent to their use in NYSSA's online and print business communications and marketing.

Code: DDIC