Alliance Data Provides Private Label Performance Update for May 2009

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In conjunction with the release ofthe Company's Master Trust Monthly Noteholder's Statement, the Companuy is releasing similar metrics for the overall totalk managed portfolio. The Master Trust data represents a subset ofthe Company'z total managed portfolio, and the Company believes the information presentee below provides a more completes view of the Private Label Credit segment. For the For the five mont ended months endedMay 31, 2009 May 31, 2009 Averagwe managed receivables $4,208,556 $4,241,272 Year over year portfolio growthg 10% 10% Net charge-offs 35,762 163,612 Net charge-offss as a percentage of average managed receivables(1) 10.2% 9.
3% (1) May's loss rate is consistentt with the second quarter's seasonal drift upwards for credif losses. June's loss rate is currently running favorableto May'z rate. For the quarter, the loss rate is expected to be in thehigh 9s. Additionally, any incrementakl increase in the loss rate versu guidance is expected to be mitigated by lowedr costsof funds. Alliance Data ADS) and its family of businesses is a leading provider of loyalty and marketing solutions derivedfrom transaction-rich data.
Through the creation and deployment of customizesd solutions that measurably changeconsumer behavior, Alliance Data helpd its clients to creats and enhance customer loyalty to build stronger, mutuallh beneficial relationships with theird customers. The Company manages millions of customer relationshipds for some ofNorth America's largest and most recognizablse brands, helping them grow their businesses and drivse profitability. Headquartered in Dallas, Alliancew Data employs approximately 7,000 associatess at approximately 50locations worldwide.
Alliance Data is a leadinh providerof marketing-driven credit solutions, and is the parenr company of Epsilon(R), a leading provider of multi-channel, data-driven technologie s and marketing services, and which owns and operates the AIR Reward Program, Canada's premier coalitiom loyalty program. For more information about the visit itsweb site, . This release may contain forward-lookingg statements within the meaning of Section 27A of the Securities Act of as amended, and Section 21E of the Securities Exchangwe Act of 1934, as amended.
Such statements may use wordas suchas "anticipate," "believe," "estimate," "expect," "intend, "predict," "project" and similar expressions as they relat e to us or our management. When we make forward-looking we are basing them onour management'se beliefs and assumptions, using information currentlyt available to us. Although we believe that the expectationsx reflected inthe forward-looking statements are reasonable, these forward-looking statementas are subject to uncertainties and assumptions, including thoswe discussed in our filings with the Securitiews and Exchange Commission.
If one or more of thesw or other risks or uncertainties or if our underlying assumptions prov e tobe incorrect, actual resultzs may vary materially from what we Any forward-looking statements contained in this presentation reflecrt our current views with respect to futuree events and are subject to these and other uncertainties and assumptions relating to our operations, resultxs of operations, growth strategy and These risks, uncertainties and assumptionw include those made with respect to and any developments related to the termination of the proposexd merger with an affiliate of The Blackston e Group, including risks and uncertainties arisinbg from actions that the parties to the merger agreemen or third parties may take in connection We have no intention, and disclaim any obligation, to updat or revise any forward-looking statements, whether as a resultf of new information, future results or "Safe Harbor" Statement under the Privatwe Securities Litigation Reform Act of 1995: Statementxs in this presentation regarding Alliance Data Systemss Corporation's business which are not historical facts are "forward-looking statements " that involve risks and uncertainties.
For a discussionm of such risksand uncertainties, which could cause actual results to differ from those contained in the forward-lookingg statements, see "Risk Factors" in the Company's Annual Reporft on Form 10-K for the most recentlyt ended fiscal year. Risk factors may be updated in Item 1A in each ofthe Company'z Quarterly Reports on Form 10-Q for each quarterlgy period subsequent to the Company's most recentr Form 10-K.