AVENUE CAPITAL GROUP ISSUES STATEMENT
(The following statement from Avenue Capital Group was received by e-mail and was reformatted. The sender verified the statement.)
Avenue Capital Group Issues Statement
NEW YORK, July 31, 2013 - Avenue Capital Group today issued the following statement:
The Form 4 filed at approximately 3:19 pm EST today by Marc Lasry and Avenue Capital Management II, L.P. reporting the purchase of YRC Worldwide Inc. common shares on July 29, 2013 contained an inaccurate transaction amount in Item 4 of Table I. The error was the result of a clerical inaccuracy in the computerized form filing. The ownership amount reported in Item 5 of Table I of the Form 4 was correct. Mr. Lasry and Avenue Capital Management II, L.P. have since filed an amended Form 4 which reflects the accurate transaction amount in Item 4 of Table I.
About Avenue Capital Group Avenue Capital Group is a global investment firm focused on undervalued opportunities in the private and public debt, equity and real estate markets in the U.S., Europe and Asia. As of June 30, 2013, Avenue oversees approximately $12.2 billion of assets under management.
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