For Immediate Release
May 18, 2006

TRS hires Dolan McEniry Capital Management
Chicago, IL - The Teachers' Retirement System of the State of Illinois (TRS) has awarded Dolan McEniry Capital Management a mandate to manage a core fixed income portfolio. TRS provides retirement, disability, and death benefits to teachers and administrators at Illinois public elementary and secondary schools outside the city of Chicago. It serves 325,000 members and annuitants and, as of March 31, 2006, TRS has pension assets of $36.8 billion.

Dolan McEniry Capital Management is a fixed income value investor based in Chicago, IL. Founded in 1997 and 100% owned by its two principals, the firm provides investment management services to foundations, endowments, corporate and public pension funds, Taft-Hartley accounts, sovereign nations, wealthy families, and other tax-free clients. Dolan McEniry has approximately $1.04 billion in fixed income assets under management.