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Froley, Revy Convertible Bond Index Reports Second Quarter Total Return of 7.57%.

Business Editors

LOS ANGELES--(BUSINESS WIRE)--July 10, 2001

The Froley, Revy Convertible Bond Index(R), one of the oldest continuous measurements of U.S. convertible bond performance and an industry benchmark for more than two decades, reported a total return of 0.85% for the month ended June 30, 2001. Convertible bond prices were up 0.49% for the same period.

For the second quarter, convertible bond prices rose 6.46%, pushing the index to a total return of 7.57%. Year to date, the index has returned 0.22%, with convertible bond prices down 1.96%.

Current yield for the Index equaled 4.21% at June 30, 2001.

The Froley, Revy Convertible Bond Index tracks price performance of 50 representative convertible issues, with coupon interest reinvested to create a long-term, compounded total return. Historical performance tables for the Index may be obtained by calling Ivan Perez at 310/208-4938.

Froley, Revy Investment Company, Inc., an investment management and advisory firm established in 1975, manages assets of more than $2.2 billion, primarily for public pension funds, corporate pension and profit-sharing plans, insurance companies and Taft-Hartley pension plans.
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Publication:Business Wire
Date:Jul 10, 2001
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