Pilgrim Investments, Inc. and Pilgrim Prime Rate Trust Announce Portfolio Management Change.

PR Newswire | December 9, 1999 | Copyright

PHOENIX, Dec. 9 /PRNewswire/ -- Pilgrim Investments, Inc. and Pilgrim Prime Rate Trust (NYSE: PPR) announced today that, effective immediately, Pilgrim has named Daniel A. Norman and Jeffrey A. Bakalar senior portfolio managers for the company's senior loan portfolio management business, including the management of Pilgrim Prime Rate Trust. Norman and Bakalar are both senior vice presidents and portfolio managers for the company and the Trust, and will co-manage its senior loan funds through a team approach. They will report to James R. Reis, vice chairman and director of ...

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