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Shareholder seeks to discuss potential nominees for Navient board

Canyon Capital Advisors LLC plans to discuss potential nominees for Navient Corp.'s board with members of the specialty lender's management and board.

The shareholder disclosed its intention in light of the announcement that John Adams will not stand for re-election to the Navient board.

Canyon Capital Advisors has increased its Navient stake to 7.8% in April from 5.8% in February.