Jefferies Releases Final Information Regarding Peregrine Financial Group

BY Business Wire | 07/11/12 - 09:18 AM EDT

Stock quotes in this article: JEF

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In an announcement today, Jefferies confirmed that it has completed the liquidation of Peregrine Financial Group ("PFG") positions, with the exception of a small Canadian account in the process of being transferred at the request of Canadian regulators. Liquidation was completed in an orderly manner at aggregate levels similar to the prices from Monday's close of business. Until disbursement is directed by regulators, PFG-related cash of approximately $125 million will remain in fully segregated accounts. Jefferies incurred no loss as a result of this liquidation and has no other involvement in PFG accounts or assets.

Jefferies Group, Inc. (NYSE: JEF), the global investment banking firm focused on serving clients for 50 years, is a leader in providing insight, expertise and execution to investors, companies and governments. The firm provides a full range of investment banking, sales, trading, research and strategy across the spectrum of equities, fixed income, foreign exchange, futures and commodities, and also select asset and wealth management strategies, in the Americas, Europe and Asia.

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