CARMEL, Ind., Nov. 21 /PRNewswire-FirstCall/ -- 40|86 Strategic Income Fund (NYSE: CFD) announced today that Richard W. Burke has been elected as President of the Fund. He replaces Audrey L. Kurzawa who resigned as the fund's President.
Mr. Burke is Senior Vice President, Information Systems and Operations of 40|86 Advisors, Inc., which is the investment adviser for CFD. Mr. Burke has been with 40|86 Advisors for 15 years. During his tenure, he has been responsible for the management and development of the firm's systems solutions and back office operations. This includes infrastructure, application development, analysis, design and implementation of reporting, reconciliation and trading systems. Prior to joining 40|86 Advisors, he was employed with AT&T/NCR Europe Group, which provided for the development of global systems. Burke holds a B.S. in business with a concentration in computer information systems from Indiana University.
40|86 Strategic Income Fund is a closed-end investment management company. The Fund's primary investment objective is to seek high current income. As discussed in the Fund's prospectus, the Fund intends to distribute substantially all of its net investment income monthly. All net realized capital gains, if any, generally will be distributed to the Fund's shareholders at least annually, although net capital gains (i.e., the excess of net long-term capital gains over net short-term capital losses) may be retained by the Fund.
The Fund is managed by 40|86 Advisors, Inc., a wholly owned subsidiary of Conseco, Inc. (NYSE: CNO). Conseco, Inc.'s insurance companies help protect working American families and seniors from financial adversity: Medicare supplement, long-term care, cancer, heart/stroke and accident policies protect people against major unplanned expenses; annuities and life insurance products help people plan for their financial futures.
SOURCE 40|86 Strategic Income Fund
For further information: Jeffrey M. Stautz of 40|86 Advisors, Inc., +1-317-817-6422
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