Angelo Gordon Exchanges C&D Converts

On December 23, 2010, the transactions contemplated by the registered exchange offer described in the Restructuring Support Agreement were consummated and the Reporting Persons validly tendered all of their Convertible Senior Notes to the Issuer and the Reporting Persons did not withdraw them.

In connection with the registered exchange offer, the Reporting Persons received 3,962.18 Shares for each $1,000 in principal amount of its 5.25% convertible senior notes due 2025 that had a face value of $60,496,000.

The 5.25% convertible senior notes due 2025 were not exercisable within 60 days of the time of the exchange offer. The Reporting Persons also received 3,959.91 Shares for each $1,000 in principal amount of its Notes that had a face value of $26,600,000.