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Stock Market & Financial Investment News

News Breaks
January 24, 2013
16:10 EDTFIIFederated Investors reports Q4 EPS 44c, consensus 40c
Reports Q4 revenue $244.8M, consensus $251.03M.
News For FII From The Last 14 Days
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April 23, 2015
16:20 EDTFIIFederated Investors reports Q1 EPS 35c, consensus 37c
Reports Q1 revenue $220.5M, consensus $222.09M.
April 17, 2015
08:31 EDTFIIFederated Investors agrees to transition assets from Reich & Tang funds
Federated Investors announced that they have reached a definitive agreement for Federated to transition shareholder assets from Reich & Tang's money market funds. In connection with the transition, approximately $7B in shareholder accounts from six Reich & Tang money market funds will be transitioned into Federated strategies.The transaction is designed to assist with the orderly liquidation of Reich & Tang's domestic and offshore money market funds. The agreement provides for Federated, Reich & Tang, financial intermediaries and shareholders to work together on a coordinated and cooperative basis to transition the assets in shareholder accounts from the Reich & Tang money market funds to comparable Federated money market funds. Federated is now working with Reich & Tang customers on the transition, which is expected to take place in stages beginning in June and running through July 2015. The transaction and related transition of assets are subject to certain customary approvals and contingencies, such as shareholder consents.

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