40|86 Advisors Closes New $400M CLO Transaction

               40|86 Advisors Closes New $400M CLO Transaction

PR Newswire

CARMEL, Ind., April 4, 2013

CARMEL, Ind., April 4, 2013 /PRNewswire/ --40|86 ^ SM Advisors, Inc., a
wholly-owned subsidiary of CNO Financial Group, Inc., announces the closing of
Cedar Creek CLO, a $413.25 million collateralized loan obligation. The
transaction was placed by Goldman Sachs and closed on March 28, 2013.

The CLO has a four-year reinvestment period and a two-year non-call period,
with a stated maturity of April 2024. 40|86 ^ Advisors, a leading
fixed-income investment advisor, will serve as collateral manager.

This new transaction follows two recently placed CLOs managed by 40|86
Advisors, Mill Creek CLO, which closed in December 2011, and Sugar Creek CLO,
in May 2012. With the close of Cedar Creek CLO, 40|86 manages four CLOs
representing $1.27 billion under management.

"We view investing in and managing CLOs as an attractive long-term opportunity
to leverage our unique skill sets," said Eric Johnson, President of 40|86
Advisors, Inc. 

About 40|86 Advisors, Inc.
40|86 Advisors, Inc., a wholly-owned subsidiary of CNO Financial Group, Inc.
(NYSE: CNO), is a leading fixed income investment advisor based in Carmel,
Indiana. The firm manages over $26 billion in public corporate debt
securities, taxable municipal bonds, emerging market securities, high yield
bonds, government bonds, mortgage related securities, privately placed debt
securities, commercial mortgages, and bank loans. The firm implements highly
disciplined portfolio structuring and bottom-up security analytic processes in
order to provide superior value to its clients. To learn more, visit

SOURCE 40|86 Advisors, Inc.

Website: http://www.4086.com
Contact: Jennifer Born, CNO Financial Group, Inc., 312-396-7089,
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