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Dividend Declarations: Delaware Investments(R) Municipal Income Funds Announce Dividends
Today, the following four Delaware Investments municipal income funds, all closed-end management investment companies, declare their monthly income dividends: Delaware Investments Arizona Municipal Income Fund, Inc., Delaware Investments Colorado Municipal Income Fund, Inc., Delaware Investments National Municipal Income Fund, and Delaware Investments Minnesota Municipal Income Fund II, Inc. (together, the "Funds"). The investment objective of each Fund, other than Delaware Investments National Municipal Income Fund, is to provide current income exempt from federal income tax and from the personal income tax of its state, if any, consistent with the preservation of capital. The investment objective of Delaware Investments Natio...

Alliance Financial Corporation Added to Russell 3000 Index
Alliance Financial Corporation (the "Company") (Nasdaq: ALNC), the holding company for Alliance Bank, N.A., announced it has been added to the Russell 3000(R) Index after the Russell Investment Group reconstituted its comprehensive set of U.S. and global equity indexes on June 29, 2009. Russell indexes are widely used by investment managers and institutional investors for both index funds and as benchmarks for passive and active investment strategies.

I Know What You Did During the Recession: Diamond Capital Partners Launches
New Mid-Market Investment Bank Opens for Business in Los Angeles, New York and Nashville

Shawn Cross Joins Burrill Merchant Banking
Burrill & Company, a San Francisco-based global leader in life sciences with activities in Venture Capital, Private Equity, Merchant Banking and Media, is pleased to announce that Shawn Cross has joined the firm as Managing Director, Merchant Banking. Shawn will assist clients in structuring and completing mergers and acquisitions, partnering and capital raising transactions. In addition, Shawn will make an important contribution to the collective efforts of the Burrill Merchant Banking Team in the formation and deployment of Burrill Private Equity funds. Shawn brings considerable experience in life science investment banking including:

Learn How to Fund Real Estate Projects without a Bank, Locate Investors, Go Public or Start an REIT at Optimal OPM
Optimal OPM on August 1 - 2, 2009 in San Diego is a two-day seminar for real estate investors interested in learning how to fund real estate projects without a bank, locate private money, advertise to and locate real estate investors, affordably take a company public, start a Real Estate Investment Trust (REIT), and much more. The seminar is limited to 40 people and nationally recognized experts will educate real estate investors on how to legally raise capital for new real estate investment projects without guaranteeing their personal assets or using a bank, while creating deal structures and alternative financing strategies for residential and commercial real estate investment property.

The Bank of New York Mellon's Pershing Unit Introduces NetX360(TM)
Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation, announced today that it has introduced NetX360(TM), an innovative and open-architecture technology platform for introducing broker-dealer firms, investment professionals, independent registered investment advisors (RIAs) and dually registered advisors. This new offering provides Pershing's customers with a complete solution to help them effectively meet their clients' financial goals. It also enables them to efficiently manage their brokerage and advisory business on a single, integrated platform.

Dividend Declarations: Delaware Investments(R) Municipal Income Funds Announce Dividends
Today, the following four Delaware Investments municipal income funds, all closed-end management investment companies, declare their monthly income dividends: Delaware Investments Arizona Municipal Income Fund, Inc., Delaware Investments Colorado Municipal Income Fund, Inc., Delaware Investments National Municipal Income Fund, and Delaware Investments Minnesota Municipal Income Fund II, Inc. (together, the "Funds"). The investment objective of each Fund, other than Delaware Investments National Municipal Income Fund, is to provide current income exempt from federal income tax and from the personal income tax of its state, if any, consistent with the preservation of capital. The investment objective of Delaware Investments Natio...

Investment Professionals, Inc. Rated Overall Best Bank Broker-Dealer for Unprecedented Fourth Time
Investment Professionals, Inc. (IPI), a major marketer of on-site bank investment programs, is the only bank broker/dealer to have earned for the fourth time the overall No. 1 ranking of Most Highly Rated Bank Brokerage Firm in a survey by American Brokerage Consultants. Bank broker-dealers were rated in 22 categories including compliance, banking knowledge, sales management, technology and marketing. In addition to 2008, IPI also achieved the top overall ranking in 2007, 2006 and 2001.(i)


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Capital Market Consultants, LLC Selected by Subsidiary of Top 50 US Bank Holding Company for Separate Account and Mutual Fund Investment Research
Capital Market Consultants, LLC, the market leader in custom Open Architecture Investment Management (OAIM) research, platforms, content and solutions for Trust and Wealth Management firms focused on the High Net-Worth space, has been hired by Citizens Bank Wealth Management (N.A.), a subsidiary of Citizens Republic Bank of Flint, MI, the 45th largest bank holding company in the United States for Separate Account and Mutual Fund Investment Research. Publicly held Citizens Republic Bank (CRBC - NASDAQ), founded in 1871, has over $3 billion dollars in trust and investment assets with over 320 service locations in Michigan and Wisconsin.

Azla Advisors Closes One of 2009's Largest Secondary Transactions
Azla Advisors, a leading boutique secondary sell-side advisory firm is pleased to announce the closing of one of 2009's largest secondary transactions. Azla has advised Merrill Lynch on the divestment and syndication of euro 150m of original commitment in Kreos Capital III, the 2006 vintage fund of Kreos Capital, Europe's leading Venture Debt Fund Manager, to five top tier investors led by Paul Capital and including AIG PineStar Capital (the secondaries private equity team of AIG Investments), HarbourVest Partners, Access Capital Partners and SVB Financial Group, the parent company of Silicon Valley Bank.

Dividend Declarations: Delaware Investments(R) Municipal Income Funds Announce Dividends
Today, the following four Delaware Investments municipal income funds, all closed-end management investment companies, declare their monthly income dividends: Delaware Investments Arizona Municipal Income Fund, Inc., Delaware Investments Colorado Municipal Income Fund, Inc., Delaware Investments National Municipal Income Fund, and Delaware Investments Minnesota Municipal Income Fund II, Inc. (together, the "Funds"). The investment objective of each Fund, other than Delaware Investments National Municipal Income Fund, is to provide current income exempt from federal income tax and from the personal income tax of its state, if any, consistent with the preservation of capital. The investment objective of Delaware Investments Natio ...

Resolve Technology and Customers to Speak at Quest Real Estate User Group and NAREIM Accounting Discussion Forum
Joint presentations with Bentall Capital and State Street Bank will focus on improving business intelligence and maximizing investment returns.

Investment Professionals, Inc. Rated Overall Best Bank Broker-Dealer for Unprecedented Fourth Time
Investment Professionals, Inc. (IPI), a major marketer of on-site bank investment programs, is the only bank broker/dealer to have earned for the fourth time the overall No. 1 ranking of Most Highly Rated Bank Brokerage Firm in a survey by American Brokerage Consultants. Bank broker-dealers were rated in 22 categories including compliance, banking knowledge, sales management, technology and marketing. In addition to 2008, IPI also achieved the top overall ranking in 2007, 2006 and 2001.(i)

Bank of America Merrill Lynch Hires Steven Niemczyk as Global Head of Asset Management Investment Banking
Bank of America Merrill Lynch today announced that Steven J. Niemczyk will join the company's Global Corporate & Investment Banking business as global head of Asset Management Investment Banking in June 2009. Niemczyk has been global head of Asset Management Investment Banking at UBS Limited in London. He will relocate to New York and report to Michael Rubinoff, head of Global Financial Institutions Corporate & Investment Banking.

The PFM Group Announces Capital Investment Led By ICV Capital
The PFM Group, a leading independent financial and investment advisor to state and local governments and not-for-profit institutions with approximately $35 billion of assets under management, and ICV Capital Partners, LLC, a private investment firm focused on investments in lower middle market companies, today jointly announced that The PFM Group has received an investment from a group led by ICV Capital that will enhance the firm's future growth and development. ICV Capital's equity investment is joined by that of the Michigan Employees Retirement System Strategic Opportunity Fund LP.

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