Red Alder Releases New Presentation to Shareholders of Capital Senior Living Corporation

Red Alder Master Fund, LP (“Red Alder”), an offering of Lucus Advisors LLC (“Lucus”), an investment management firm that, through its affiliated funds and managed accounts, owns more than 6% of Capital Senior Living Corporation (“CSU” or the “Company”) (NYSE:CSU), today released an investor presentation detailing the opportunities to realize shareholder value at CSU, which can be found at www.UnlockCSUValue.com. This follows CSU’s failure to retain a qualified financial advisor to explore strategic alternatives by January 15, 2016, as requested in Red Alder’s public letter to CSU calling for a sale of the Company, released on December 10, 2015.

In the presentation, Red Alder emphasizes the valuation gap from which CSU suffers, and calls for the Company to retain a nationally recognized investment bank to explore a sale to a third-party that appreciates its true value. To best guide this process, the presentation calls for the formation of a special committee of independent directors with financial backgrounds.

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