Financial terms of the agreement were not disclosed. The acquisition is expected to be completed early in 2013, subject to customary closing conditions and regulatory approval.
About Kleinwort Benson InvestorsKleinwort Benson Investors ( Dublin) ("KBID") is a wholly-owned subsidiary of RHJ International (Euronext: RHJI): a financial services group with principal activities in wealth management, asset management and merchant banking. KBID is an institutional asset manager with a global client base offering investors innovative strategies with a specialization in income oriented equities and global resources. As of 30 September 2012 it had €3.4 billion ( $4.3 billion) of assets under management. KBII, the 100%-owned subsidiary of KBID, managed €742 million ( $979 million) of assets for North American clients of December 31, 2012. Additional information can be found at www.kleinwortbensoninvestors.com
About Virtus Investment PartnersVirtus Investment Partners (NASDAQ: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. The company provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process and individual brand. Virtus Investment Partners offers access to a variety of investment styles across multiple disciplines to meet a wide array of investor needs. Its affiliated managers include Duff & Phelps Investment Management Co., Euclid Advisors LLC, Kayne Anderson Rudnick Investment Management, LLC, Newfleet Asset Management, LLC, Newfound Investments LLC, Rampart Investment Management, and Zweig Advisers LLC. Additional information can be found at www.virtus.com.
Forward-Looking StatementsThis press release may include statements that constitute "forward-looking statements" under the securities laws of the United States. Forward-looking statements include information concerning possible or assumed future performance, asset levels, earnings, liquidity, cash flow, industry or market conditions, regulatory developments, market interest in a fund and other aspects of a fund's operations or general economic conditions. In addition, when used in this press release, words such as "believes," "expects," "anticipates," "intends," "plans," "estimates," "projects" and future or conditional verbs such as "may," "could," "should" and "would," or any other statement that necessarily depends on future events, are intended to identify forward-looking statements. 1Investing internationally, especially in emerging markets, involves additional risks such as currency, political, accounting, economic, and market risk. A fund that focuses its investments in a particular geographic location will be highly sensitive to financial, economic, political, and other developments affecting the fiscal stability of that location. Please carefully consider the Fund's investment objectives, risks, charges and expenses before investing. For this and other information about any Virtus mutual fund, call 1-800-243-4361 or visit Virtus.com for a prospectus. Read it carefully before you invest or send money. Distributed by VP Distributors, LLC, member FINRA and subsidiary of Virtus Investment Partners, Inc. SOURCE Virtus Investment Partners, Inc.; Kleinwort Benson Investors