Allied Capital Announces Appointment of Jeri J. Harman, Managing Director, Head of New L.A. Office.Business Editors WASHINGTON--(BUSINESS WIRE)--April 29, 2004 Allied Capital Corporation (NYSE NYSE See: New York Stock Exchange :ALD ALD abbr. adrenoleukodystrophy ALD, n.pr See adrenoleukodystrophy. ALD aldolase. ) announced today that it has expanded its presence to the West Coast and has hired Jeri J. Harman as Managing Director and head of the office in Los Angeles, CA. Ms. Harman, who brings 20 years of financing experience and involvement in over $1 billion in aggregate transactions, will be responsible for establishing Allied Capital's operations in California and for leading the office's investment origination and execution process. She will also serve as a member of the company's investment committee. "Talent is crucial in our business, and Jeri is an excellent addition to the Allied Capital team," said Bill Walton, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "With Jeri's experience, expertise, and leadership, we are well-positioned to aggressively pursue new opportunities and enhance our relationships with sponsors on the West Coast." Prior to joining Allied Capital, Ms. Harman was Managing Director and head of the American Capital Strategies L.A. office for four years. Earlier career highlights include four years as Managing Director and Head of Private Placements at First Security Van Kasper; three years as Managing Director of Coopers & Lybrand's corporate finance group in L.A., and over 11 years in various senior level positions in the private placement investment group at Prudential Insurance Company. "I am excited about the chance to develop Allied Capital's presence on the West Coast, and my goal is to help the company build upon its outstanding record in Chicago and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of by generating a substantial amount of new business," said Ms. Harman. "Allied Capital has an impressive track record, and I look forward to making investments that add to the company's solid private finance portfolio." About Allied Capital Allied Capital is the nation's largest business development company and provides long-term debt Long-Term Debt Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. and equity investment capital to support the expansion of companies in a variety of industries. The company also participates in the real estate capital markets as an investor in non-investment grade commercial mortgage-backed securities, collateralized debt obligation Collateralized Debt Obligation (CDO) A general inclusive term which covers Collateralized Bond Obligations, Collateralized Loan Obligations, and Collateralized Mortgage Obligations, bonds and preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. . The company is headquartered in Washington, DC. For more information, please visit the web site at www.alliedcapital.com, call Allied Capital Investor Relations Investor relations The process by which the corporation communicates with its investors. toll-free at 888-818-5298, or e-mail us at ir@alliedcapital.com. To reach Ms. Harman, please call 818-915-1703 or email her at jharman@alliedcapital.com. Forward-Looking Statements The information contained in this press release contains forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements, and these factors are enumerated This term is often used in law as equivalent to mentioned specifically, designated, or expressly named or granted; as in speaking of enumerated governmental powers, items of property, or articles in a tariff schedule. in Allied Capital's periodic filings with the Securities and Exchange Commission. |
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