NEW YORK--(BUSINESS WIRE)--Red Alder Master Fund, LP (“Red Alder”), an offering of Lucus Advisors LLC (“Lucus”), an investment management firm that, through its affiliated funds and managed accounts, owns more than 6% of Capital Senior Living Corporation (“CSU” or the “Company”) (NYSE:CSU), today released an investor presentation detailing the opportunities to realize shareholder value at CSU, which can be found at www.UnlockCSUValue.com. This follows CSU’s failure to retain a qualified financial advisor to explore strategic alternatives by January 15, 2016, as requested in Red Alder’s public letter to CSU calling for a sale of the Company, released on December 10, 2015.
In the presentation, Red Alder emphasizes the valuation gap from which CSU suffers, and calls for the Company to retain a nationally recognized investment bank to explore a sale to a third-party that appreciates its true value. To best guide this process, the presentation calls for the formation of a special committee of independent directors with financial backgrounds.