Janus Capital Group Inc (JNS)’s Fourth Quarter And Full Year 2014 Earnings Conference Call Transcript

Robert Lee – KBW Securities

Okay. Great thank you.

Operator

And we have time for one last question. We will go to Patrick Davitt from Autonomous.

Patrick Davitt – Autonomous

Hey good morning, thanks. You have been pretty consistent on letting the debt maturities roll off and I assume a lot of people will start rolling out 2017 estimates at this point. Do you think it’s a fair assumption for us to assume that that $345 million maturity rolls off? It’s a long way away, but all else being equal, benign markets and what not, is that something that you would imagine would happen?

Jennifer McPeek – Chief Financial Officer

Well I hope the rating agency guys are listening right now, but that is — it has been our stated intention to retire our debt and to take it down to levels that are more commensurate with the little cash flow that we are generating. Right now, we’re cash flow positive. So there isn’t a need for us to have that leverage.

Patrick Davitt – Autonomous

Great. Thanks. And then on the gross money, I am assuming there is no fee on that or is that a wrong assumption?

Dick Weil – Chief Executive Officer

No that comes in an unusual way, accounts just like there is no special arrangement around it.

Patrick Davitt – Autonomous

Okay great, Thank you.

Operator

At this time, I would like to turn the conference back over to Mr. Weil for final comments.

Dick Weil – Chief Executive Officer

Thank you, operator and thanks everybody for joining us this morning. Again we are proud of the progress that we have made but, you know one quarter of positive flows is not a strong enough trend for us to declare any sort of victory. We need to sustain this progress through a long period of time and that’s what we are about. So I know you will keep watching and hold us accountable. Thanks for your time and attention and have a good day.

Operator

This concludes today’s conference call. Thank you for attending.