Poplar Forest Capital Awarded Large Cap Mandate

Poplar Forest Capital LLC, an investment management firm specializing in large and mid-cap value equities, has been selected by Progress Investment Management Company to manage a $121 million large cap account. Progress is a leading manager of emerging investment managers.

“We are honored to partner with Progress in serving their clients,” said Dale Harvey, former American Funds portfolio manager and founder of Poplar Forest Capital. “One of our guiding principles is to not let size impede our ability to deliver results. The people at Progress share this view. We’re excited about working together.”

Poplar Forest’s Value/Contrarian Strategy seeks to deliver superior, risk-adjusted returns over full market cycles by investing in underappreciated companies and industries.

About Poplar Forest Capital LLC

Founded and registered with the SEC in 2007, Poplar Forest Capital LLC is an investment management firm specializing in large and mid-cap value equities. As of March 31, 2015, the Firm managed over $1.5 billion in assets across its large and mid-cap strategies. For more information, please visit www.poplarforestllc.com.

About Progress Investment Management Company

Progress has been a pioneer and leading manager of emerging managers since 1990. Independent and 100% employee-owned, Progress has over $8.5 billion invested with over 65 emerging managers. For more information, please visit www.progressinvestment.com.