LAKE SUCCESS, New York -- April 30, 2008 -- Earlier today, S&P issued a press release titled "S&P Downgrades Broadridge Financial Solutions (Corrected)."
S&P corrected its April 8, 2008, press release to reflect actual total debt of $949 million as reported in Broadridge's Form 10-Q filing for the period ended December 31, 2007, as opposed to the $990 million total debt figure S&P stated in its original April 8th press release. S&P's correction has no effect on the company's credit rating as announced in the April 8th press release.
About Broadridge
Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and other corporations. Broadridge’s investor and customer communications, securities processing and managed services solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With over 50 years of experience, Broadridge's infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America and processes on average $5 trillion in equity and fixed income trades per day. Broadridge employs approximately 10,000 associates in 14 countries.
For more information about Broadridge, please visit www.broadridge.com.