On January 27, 2017>(Closing Date), Federated consummated the transfer by its wholly owned subsidiary, Federated Investment Management Company (FIMCO), of FIMCO’s general partnership interest in Passport Research, Ltd. (Passport) to Passport Holdings LLC (Holdings), a wholly owned subsidiary of The Jones Financial Companies, L.L.L.P. (Jones Financial). The partnership transfer was consummated to the terms of that certain definitive Agreement, dated as of April 27, 2016, by and among FIMCO, Passport, Jones Financial, for itself and on behalf of Edward D. Jones & Co., L.P. (EDJones) and Holdings. Prior to the consummation of the partnership transfer on the Closing Date, the parties entered into an amendment to the definitive Agreement, which addressed certain matters relating to the partnership transfer identified between the signing of the definitive Agreement and the Closing Date.

Prior to the consummation of the transaction, FIMCO was the general partner of Passport, EDJones was the limited partner of Passport and Passport served as the investment adviser for a registered investment company, the Edward Jones Money Market Fund (EJMMF), a government money market fund with approximately $20 billion in net assets as of November 30, 2016. EDJones also served as the transfer agent. Prior to the partnership transfer, customers of EDJones with accounts in Tax-Free Money Market Fund (TFMMF), a tax-exempt money market fund advised by Passport, were transitioned from TFMMF to EJMMF during the third quarter of 2016 and, thereafter, TFMMF was liquidated on September 23, 2016. After the consummation of the partnership transfer, Holdings is the general partner of Passport, Jones Financial is the limited partner of Passport, Passport remains the investment adviser for EJMMF, and FIMCO serves as the investment sub-adviser for EJMMF. After the consummation of the partnership transfer, Federated Administrative Services, another wholly owned subsidiary of Federated, also serves as a sub-administrator for EJMMF, and EDJones continues to serve as the transfer agent for EJMMF.

About FEDERATED INVESTORS, INC. (NYSE:FII)

Federated Investors, Inc. (Federated) is a provider of investment management products and related financial services. The Company is engaged in sponsoring, marketing and providing investment-related services to various investment products, including mutual funds and Separate Accounts, which include separately managed accounts, institutional accounts, sub-advised funds and other managed products, in both domestic and international markets. It operates in one segment, the investment management business. Federated provides investment advisory services to over 120 Federated-sponsored funds (the Federated Funds). It markets these funds to banks, brokers and dealers and other financial intermediaries to meet the needs of their customers and clients, including retail investors, corporations and retirement plans. The Company offers a range of products and strategies, including money market, equity and fixed-income investments.

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FEDERATED INVESTORS, INC. (NYSE:FII) closed its last trading session down -1.05 at 26.13 with 909,953 shares trading hands.