Global CLO Trustee Rankings Announced For the second year running U.S. Bank Global Corporate Trust Services ranks top amongst Trustees in both the U.S. and European CLO Markets In total, GCTS was mandated on 131 CLO deals worldwide, increasing its global market share from 32% in 2013 to 47% in 2014. More specifically in Europe, the bank continued to retain existing clients and attract new ones, winning 12 deals during 2014. “This is a momentous achievement that we are all hugely proud of” said Bryan Calder President of Corporate Trust Services, “In a few short years, we have overtaken well established competitors through hard work and investment and are quickly extending our advantage. The future for our European business is bright indeed!” Source: AB Alerts The European market has picked up considerably since the first post crisis CLO issued by Cairn Capital in Feb 2013. Since then volume has increased steadily from EUR 7.5bn in 2013 to EUR 14.2bn in 2014. Several reasons underpin the recovery, particularly improved asset-liability arbitrage but also a sufficient increase in the supply of leveraged loans available. U.S. bank continues to partner with new managers coming to market, offering full and comprehensive CLO servicing, combining account bank, collateral administration, cash management, investor reporting as well as the full range of agency and trustee functions. Our focus on document execution and onboarding, together with a dedicated relationship management team for the life of the transaction, enables us to provide the highest levels of client service. “Our focus on client service is our number one priority. It has enabled us to build strong relationships with both established collateral managers and those coming to market for the first time” said Anatoly Sorin, Head of CLO Relationship Management for Europe. “Now the market has returned, we have been able to really capitalise on the hard work we have put in over the past years, particularly from repeat managers, some of which are now on their third deal since the recovery.” U.S. Bank has also made significant investment in technology, unveiling the new web portal - “pivot” in 2014. Pivot delivers a transparent and interactive portfolio management experience, removing complexity from day-to-day CLO portfolio administration. “The cutting edge analytics embedded in pivot not only streamline the reconciliation process but also can be used to stress test loan portfolios and ultimately aid investment decisions” said Emma Hamley, VP – Business Development. “We have had considerable interest from the market in this new platform and expect widespread take up during the year ahead”. If you would like more information on our CLO Trustee and Agency services or would like to arrange a “pivot” demonstration please contact Emma Hamley or Anatoly Sorin for more information.

U.S. Bank Global Corporate Trust Services is a trading name of Elavon Financial Services Limited (a U.S. Bancorp group company), registered in Ireland with the Companies Registration Office, Reg. No. 418442. The liability of the member is limited. Registered Office located at Block E, First Floor, Cherrywood Business Park, Loughlinstown, Co. Dublin, Ireland. United Kingdom branch registered in England and Wales under the number BR009373. U.S. Bank Global Corporate Trust Services acts through the United Kingdom branch from its office located at 125 Old Broad Street, Fifth Floor, London, EC2N 1AR. Authorised by the Central Bank of Ireland. Regulated for conduct of business in the UK on a limited basis by the Financial Services Authority. U.S. Bank is not affiliated with the entities or organizations mentioned. U.S. Bank Global Corporate Trust Services · 125 Old Broad Street, Fifth Floor · London, EC2N 1AR © 2015 U.S. Bank, National Association. Member FDIC. All rights reserved.