Prudential Investment Management

Bernard Winograd is executive vice president and chief operating officer of Prudential's U.S.-based businesses. The U.S. Retirement Solutions and Investment division had approximately $553 billion of assets under management as of September 30, 2009, and includes Prudential Investment Management, Prudential Retirement and Annuities. These businesses span a range of institutional and retail investment management in both public and private asset classes. The U.S. Individual Life and Group Insurance division had approximately $12 billion of assets under management, and includes Individual Life Insurance and Group Insurance. Winograd also has responsibility for Prudential's Real Estate and Relocation Services business. Before overseeing the U.S. businesses, Winograd was president and chief executive officer of Prudential Investment Management, the investment management business of Prudential Financial. Earlier, he was CEO of Prudential Real Estate Investors. Before joining Prudential, Winograd was executive vice president and chief financial officer of Taubman Centers, Inc., a national regional shopping center company. He was a key architect of the company's initial public offering in 1992, the first UPREIT IPO, which set the stage for the dramatic increase in the capitalization of the REIT industry that followed. Prior to joining Taubman, he was Treasurer of the Bendix Corporation, a multinational Fortune 100 industrial company, and prior to that had been Executive Assistant to W. Michael Blumenthal, both as CEO of Bendix and as Secretary of the U.S. Treasury. Winograd has a bachelor of arts degree in social sciences from the University of Chicago. He is a member of the University of Chicago's Visiting Committee on College and Student Activities. Winograd also serves on the board of LISC, Local Initiative Support Corporation, a community development financing organization.		Charles F. Lowrey is president and chief executive officer of Prudential Investment Management (PIM), the investment management business of Prudential Financial. PIM invests in a wide range of asset types, serves multiple types of clients and offers products across the risk/return spectrum. As of September 30, 2009, PIM had about $444 billion in assets under management. Previously, Lowrey was chief executive officer of Prudential Real Estate Investors, the real estate investment management and advisory business of Prudential Financial. He joined the company in March 2001. Before joining Prudential, Lowrey was a managing director and head of the Americas for J.P. Morgan’s Real Estate and Lodging Investment Banking group, where he began his investment banking career in 1988. Before joining J.P. Morgan, Lowrey spent four years as a managing partner of an architecture and development firm he founded in New York City. During this time, he became a registered New York architect. Lowrey received an MBA degree from Harvard University, an MA degree in architecture from Yale University, and an AB degree in architecture from Princeton University.

Dennis M. Kass is Chairman of the Board and Chief Executive Officer of Jennison Associates, LLC. Kass joined Jennison Associates in January 2003 after 12 years at JP Morgan Fleming Asset Management. At JP Morgan Fleming, Kass was the Vice Chairman and Chief Fiduciary Officer. He was responsible for the oversight of the firm’s fiduciary and client activities. Prior to joining JP Morgan in 1990, Kass was a Vice President at Goldman Sachs where he worked in investment banking and pension advisory services. Kass served in the Reagan Administration from 1985 to 1987 as the Assistant Secretary of Labor for Pension and Welfare Benefits. In addition, he was a Special Assistant to the President for Policy Development from 1981 to 1982. Kass was also a member of advisory committees to the U.S. Trade Representative and to the Secretary of Labor. Earlier in his career, Kass was a managing director and chief marketing officer of Equitable Investment Management Corp. He was also part of the merchant banking group at Citibank, working in the energy sector. Kass earned a BA in History from Principia College in 1972 and an MS in Management from the Massachusetts Institute of Technology in 1977.		Scott Hayward is Chief Executive Officer of Quantitative Management Associates (QMA). He joined the firm as head of Client Relations, with responsibility for relationship management, consultant relations, product positioning and management. Prior to joining the firm, Hayward was Managing Director for JP Morgan Fleming Asset Management, where he was responsible for leading several strategic initiatives, which included developing a retail asset management strategy and an IRA rollover initiative. Previously, Hayward was the head of Institutional Client Service and Marketing, where he implemented enhanced client acquisition and service models. From 1987 to 1998, Hayward worked for JP Morgan and Company, most recently, as Vice President and Chief Operating Officer, for the Americas investment banking division, focusing on strategy, technology and client support. Hayward is a Phi Beta Kappa and magna cum laude graduate from Boston College with a BA in Political Science.

James J. Sullivan is Senior Managing Director and head of Prudential Fixed Income Management, the primary organization responsible for managing Prudential’s public fixed income assets. Under his purview are portfolio management and trading, credit research, risk management and quantitative research. Sullivan is also the head of the Investment Policy Committee. From 1999 - 2001, he co-headed the Fixed Income organization. Sullivan has extensive experience in trading and portfolio management across multiple sectors of the fixed income market, including government, mortgage, and asset-backed securities, corporate bonds and private placements. Sullivan joined Prudential in 1981. He received a BA with a concentration in Finance and an MBA with honors from Iona College.		J. Allen Smith is chief executive officer of PREI, Prudential Financial Inc.’s, real estate investment management and advisory business. PREI offers a broad range of investment opportunities and investment management services through specialized operating units in the United States, Europe, Asia, and Latin America. Smith, who has been with Prudential for more than 20 years, most recently oversaw PREI’s U.S. operations. Previously, he led PREI’s core investment activities, including its flagship equity real estate portfolio, a series of closed-end funds for German institutional investors, and Prudential’s product for defined contribution plans called the Prudential Retirement Real Estate Fund (PRREF). He is also a member of PREI’s Investment and Business Management Committees. During his career at Prudential Financial, Smith has held positions in portfolio management, asset management, equity research, corporate finance, strategic planning, and administration. Before Prudential, Smith worked as an assistant to the chief financial officer of the Wyndham Hotel Company. Smith received his bachelor’s degree in sociology in 1980 from Cornell University and earned a masters degree in 1986 from Cornell’s School of Hotel Administration. Smith is a member of PREA and the Urban Land Institute.

Matthew J. Chanin is Senior Managing Director with oversight responsibility for Prudential Capital Group and Prudential Mortgage Capital Company, private debt investment units of Prudential Investment Management, Inc. Chanin joined Prudential in 1976 and has held increasingly responsible positions within the Company’s private investment units. He headed Prudential Power Funding Associates, a utility and project lending unit, in 1992-95 and specialized investment units responsible for asset-backed securities, leveraged finance and financial restructuring in 1994-95. Since 1995 he has had responsibility for Prudential Investment Management’s private debt businesses. Chanin earned a BS from the University of Pennsylvania&'s Wharton School and received an MBA from Rutgers University. He holds the Chartered Financial Analyst designation. Chanin is a member of the Board of Trustees of United Way of Essex and West Hudson, the Aurora Foundation, and Integrity, Inc., all based in Newark, New Jersey.		David Twardock is the President of Prudential Mortgage Capital Company, responsible for managing all of Prudential’s commercial real estate finance activities. Twardock joined Prudential in 1982, and held numerous positions of increasing responsibility in real estate equity and debt in Chicago, New York and ultimately in Prudential’s headquarters in Newark, New Jersey. From 1996 through 1998, Twardock led the efforts to dramatically change Prudential's equity real estate holdings to reduce direct ownership and increase positions in public and private real estate operating companies. Since assuming his current position in December, 1998, he has continued to lead Prudential Mortgage Capital’s growth through an acquisition (2000), introduction of new or refined products and expansion into niche lending markets. His visionary work in commercial real estate finance earned him a chapter in the book Maverick Real Estate Financing: The Art of Raising Capital and Owning Property like Ross, Sanders and Carey (Bergsman, 2005). Twardock is on the Board of Directors of Boston Properties. He is past chair of the Real Estate Roundtable Capital Markets Committee, past recipient of Commercial Property News Financial Services Executive of the Year, and a member of the Urban Land Institute, the International Council of Shopping Centers, the American Hotel & Lodging Association, and the Economics Club of Chicago. Twardock holds a Bachelor of Science Degree in Civil Engineering from the University of Illinois and an MBA in Finance and Behavioral Science from the University of Chicago.

Allen A. Weaver is a Senior Managing Director and head of Prudential Capital Group. Prudential Capital Group manages a portfolio of nearly $46 billion (as of 9/30/09) of private placements through its Regional Office Network (Atlanta, Chicago, Dallas, Frankfurt, London, Newark, New York and San Francisco), and purchases up to $10 billion, annually, in predominantly senior and subordinated debt. Prudential Capital Group manages more than $7 billion in outside non-affiliated assets through its Institutional Asset Management unit and two mezzanine funds, Prudential Capital Partners, L.P., and Prudential Capital Partners II, L.P. Weaver serves on the Investment Committee of Prudential Capital Partners, L.P., and Prudential Capital Partners II, L.P. He joined Prudential in 1985 in The Prudential Investment Corporation. Prior to joining Prudential, he was a Project Manager with International Business Machines Corporation. Weaver received a BS in Industrial Engineering from Stanford University and an MBA in Finance from the University of Pennsylvania's Wharton School. He also holds the Chartered Financial Analyst designation. Weaver is currently a member of the Board of Directors for Ampac Packaging, Consolidated Smart Systems, Baldwin Richardson Foods, Morey's Seafood International, OSI Group and Skyline Chili.