Institutional Financial Markets, Inc. (NYSE AMEX: IFMI), a leading investment firm specializing in credit-related fixed income investments, today announced that it has repurchased 647,701 shares (the “Shares”) of its common stock from an unrelated third-party in a privately negotiated transaction. The aggregate purchase price was $1,457,327.25, which represents a per share price of $2.25. IFMI repurchased the Shares using cash on hand.
IFMI is a leading financial services company specializing in
credit-related fixed income investments. IFMI was founded in 1999 as an
investment firm focused on small-cap banking institutions, but has grown
to provide an expanding range of asset management, capital markets, and
investment banking solutions to institutional investors and
corporations. IFMI’s primary operating segments are Capital Markets and
Asset Management. The Capital Markets segment consists of credit-related
fixed income sales and trading as well as new issue placements in
corporate and securitized products, operating primarily through IFMI’s
subsidiaries PrinceRidge Holdings LP and JVB Financial Holdings, LLC.
The Asset Management segment manages assets through listed and private
companies, funds, managed accounts, and collateralized debt obligations.
As of June 30, 2011, IFMI managed approximately $9.3 billion in
credit-related fixed income assets in a variety of asset classes
including U.S. trust preferred securities, European hybrid capital
securities, Asian commercial real estate debt, and mortgage- and
asset-backed securities. For more information, please visit
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