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In November 1999, MCP made a preferred stock investment in
Conseco, a leading insurance and financial services company,
as part of a larger equity infusion by the Thomas H. Lee Company.
Conseco was one of middle America's leading sources for insurance,
investment and lending productswith approximately $100 billion
of managed assets and a strong middle-America franchise.
Conseco filed for bankruptcy protection in late 2002; the
securities in which MCP invested were not entitled to any
consideration when the final reorganization plan was approved
in September 2003.
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Date of Investment: November 1999