KBW Announces Change To KBW Capital Markets Index (KSXSM)

Keefe, Bruyette & Woods, Inc., a full-service, boutique investment bank and broker-dealer that specializes in the financial services sector, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the following change:

Effective prior to the opening of business on Monday, August 12, 2013, Piper Jaffray Companies, Inc. (NYSE: PJC), a member of the KBW Capital Markets Index (KSX SM), will undergo a decrease in shares due to a recent share repurchase.

The KBW indices have ten tradable exchange-traded funds licensed: KBW Bank Index (Index Ticker: BKX SM, ETF Ticker: KBWB SM); KBW Capital Markets Index (Index Ticker: KSX SM, ETF Ticker: KBWC SM); KBW Insurance Index (Index Ticker: KIX SM, ETF Ticker: KBWI SM); KBW Regional Banking Index (Index Ticker: KRX SM, ETF Ticker: KBWR SM, KRS SM, KRU SM); KBW Financial Sector Dividend Yield Index (Index Ticker: KDX SM, ETF Ticker: KBWD SM); KBW Premium Yield Equity REIT Index (Index Ticker: KYX SM, ETF Ticker: KBWY SM); KBW Property and Casualty Insurance Index (Index Ticker: KPX SM, ETF Ticker: KBWP SM); and KBW Global (Ex. U.S.) Financial Sector Index (Index Ticker: KGX SM, ETF Ticker: KBWX SM).

About KBW

KBW LLC, a Stifel company, operates in the U.S. and Europe through its broker dealer subsidiaries, Keefe, Bruyette & Woods, Inc. and Keefe, Bruyette & Woods Limited. Over the years, KBW has established itself as a leading independent authority in the banking, insurance, brokerage, asset management, mortgage banking and specialty finance sectors. Founded in 1962, the firm maintains industry-leading positions in the areas of research, corporate finance, mergers and acquisitions as well as sales and trading in equities securities of financial services companies.

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