Federated Investors To Acquire Certain Assets From Touchstone Ohio - Quick Facts

(RTTNews) - Federated Investors, Inc. (FII) announced that the company and Touchstone Advisors Inc. have reached a definitive agreement regarding the acquisition by Federated of certain assets relating to Touchstone's management of the Touchstone Ohio Tax-Free Money Market Fund, a series of Touchstone Tax-Free Trust.

In connection with the acquisition, approximately $91 million in tax-free money market assets will be reorganized from the Touchstone Ohio Tax-Free Money Market Fund into Federated Ohio Municipal Cash Trust, a portfolio with a similar investment objective.