Press Releases

Ladenburg Thalmann Financial Services Inc. Announces Public Offering of Series A Cumulative Redeemable Preferred Stock

MIAMI-- Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS) (“Ladenburg Thalmann Financial Services” or the “Company”) announced today that it is commencing an underwritten public offering of shares of its Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”). The Company intends to list the Series A Preferred Stock on the NYSE MKT under the symbol “LTS PrA.” The Company intends to grant the underwriters a 30-day option to purchase additional shares of Series A Preferred Stock to cover over-allotments, if any.

The Company plans to use the net proceeds of the offering to repay certain of its debt and for general corporate purposes.

Mitsubishi UFJ Securities (USA), Inc. and Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services, are acting as book-running managers of the offering.

The offering will be made pursuant to the Company’s existing shelf registration statement previously filed with the Securities and Exchange Commission (“SEC”) and declared effective. The offering will be made only by means of a preliminary prospectus supplement and accompanying base prospectus, copies of which may be obtained by contacting: Mitsubishi UFJ Securities (USA), Inc., 1633 Broadway, 29th Floor, New York, NY 10019, Telephone: (212) 405 - 7000; or Ladenburg Thalmann & Co. Inc., 520 Madison Avenue, 9th Floor, New York, New York 10022, Telephone: (800) 573 - 2541.

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of the Company’s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services is engaged in independent brokerage and advisory services, investment banking, equity research, institutional sales and trading, and asset management services through its principal subsidiaries, Ladenburg Thalmann & Co. Inc., Investacorp, Inc., Triad Advisors, Inc. and Securities America, Inc., which together have approximately 2,700 financial advisors and approximately $75 billion in client assets. Founded in 1876 and a New York Stock Exchange member since 1879, Ladenburg Thalmann & Co. is a full service investment banking and brokerage firm providing services principally for middle market and emerging growth companies and high net worth individuals. Investacorp, Inc., a leading independent broker-dealer headquartered in Miami, Florida, has been serving the independent registered representative community since 1978. Founded in 1998, Triad Advisors, Inc. is a leading independent broker-dealer and registered investment advisor headquartered in Norcross, Georgia that offers a broad menu of products, services and total wealth management solutions. Securities America, based in Omaha, Nebraska, was founded in 1984 and is one of the largest and most successful independent broker-dealers in the country. Ladenburg Thalmann Financial Services is based in Miami, Florida. Ladenburg Thalmann & Co. is based in New York City, New York with regional offices in Miami, Naples and Boca Raton, Florida; Melville, New York; Boston, Massachusetts; Houston, Texas; and Calabasas, California.

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein, including regarding conduct and the outcome of the offering described above, and therefore you should not place undue reliance on them. The risks, uncertainties and contingencies that could cause actual events or results to differ materially from those in such forward-looking statements include those set forth in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2012 and other factors detailed from time to time in its other filings with the SEC. The information set forth herein should be read in light of such risks. The Company is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.

Investor Contact:
Sard Verbinnen & Co
Paul Caminiti/Jonathan Doorley/Emily Deissler, 212-687-8080

Source: Ladenburg Thalmann Financial Services Inc.