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Federated Retirement Plan Services
April 28, 2009
In this Issue: Federated Target ETF Funds
At its February 2009 meeting, the Board of the Federated Target ETF Funds approved the tax-free reorganization of the three funds – 2015, 2025 and 2035 – into the Federated Stock and Bond Fund. The three reorganizations each require a shareholder vote and the proxy statements have been sent to the shareholders of the Federated Target ETF Funds, including our retirement plans. The reorganizations are scheduled for June 12, 2009 pending shareholder approval on June 10, 2009.
We first would like to encourage all of our financial intermediaries and/or plan sponsors that hold a current asset position in the Federated Target ETF Funds to read the proxy statements and please vote the proxy as requested. If you would like to have additional information on the Federated Stock and Bond Fund, please be sure to read our attached fund reorganization Q&A document and visit our website at www.federatedinvestors.com.