Company Overview:

SMH Capital Advisors, Inc. (SMHCA) is a registered full service investment advisory firm for both individual investors and institutional clients. The portfolio management team is one of the most tenured investment teams in high yield, with over 20 years of experience.

SMHCA manages money for pension funds, separately managed accounts (SMAs), and mutual funds.

Through effective money management and sound long-term investment strategies, SMHCA works to earn the trust of knowledgeable investors, managing over 1.6 billion in assets.  Ranked by Lipper MarketPlace, a division of Thomson Reuters as one of the World’s Best Money Managers.*

SMHCA believes that diversification is no substitute for superb credit research, and we feel those words are reflected in our investment philosophy and process.

* SMH Capital Advisors was ranked by Lipper MarketPlace as the #1 Money Manager out of 123 Managers of U.S. Intermediate Duration Fixed Income for the 10 Year Performance as of 03/31/11.  All information has been gathered from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. Neither the information presented nor any opinion expressed constitutes a representation by Lipper MarketPlace of a solicitation of the purchase or sale of any securities.