Yieldstreet Enhances Structured Credit Capability of Prism Fund with Appointment of Prytania Asset Management

Yieldstreet, a private market investing platform, today announced the voting results for the Election of Directors and appointment of Prytania Asset Management as sub-adviser at its special meeting of Yieldstreet Prism Fund Inc.

The meeting was held virtually “with the Fund’s stockholders on October 19, 2023.”

The Fund’s stockholders approved Yieldstreet’s recommendation “to appoint Prytania Asset Management as an investment sub-adviser to the Fund, which will enable the Fund to invest in compelling structured credit opportunities, including collateralized loan obligations (CLOs).”

Yieldstreet believes the Fund’s increased exposure “to structured credit offers it the potential to generate attractive risk-adjusted returns and diversification1 in the current market environment.”

Prytania Asset Management is “an independent structured credit specialist, managing $2.1 billion of assets as of September 30, 2023, and is focused on developed markets across the United States, United Kingdom, and Europe.

Founded in 2003, the firm is “led by Chief Executive Officer and Chief Investment Officer Mark Hale and offers investors structured credit opportunities with a range of risk/return profiles across both funds and separately managed accounts.”

The firm is headquartered in London “with a presence in the United States.”

Ted Yarbrough, Yieldstreet Chief Investment Officer and newly-elected Fund director, said:

“Yieldstreet helps investors build portfolios of alternative investments, and the Fund allows stockholders to access a multi-asset, income-oriented portfolio through a single investment.”

Both director nominees were elected “to the Fund’s Board of Directors.”

Under the Fund’s Charters and Bylaws, “a Director serves an indefinite term, until the director resigns or a successor is elected. Stockholders also approved changes to the allocation of legal resources, an administrative enhancement designed to improve the Fund’s operating efficiency.”

The Yieldstreet Prism Fund seeks to “generate income by investing across multiple asset classes: real estate, private credit, legal finance, art, structured notes, and more. The Fund’s holdings are sourced from private market opportunities that were historically off-limits to individual investors.”

The Fund delivers a professionally managed, “multi-credit income portfolio in a single fund solution, with a low minimum and the simplicity of 1099 tax reporting.”

Investments in the Fund are “not bank deposits (and thus not insured by the FDIC or by any other federal governmental agency) and are not guaranteed by Yieldstreet or any other party.”

The securities described in the prospectus are “not offered for sale in the states of Nebraska or North Dakota or to persons resident or located in such states.”

No subscription for the sale of Fund shares “will be accepted from any person resident or located in Nebraska or North Dakota.”

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