Press release
Two Funds Managed by the RiverSource Investments
Contrarian Equity Team Earn 2008 Lipper Fund Awards
Fourth consecutive year a fund managed by the team has received a Lipper
Fund Award
MINNEAPOLIS — April 10, 2008 — RiverSource Equity Value Fund (R4 shares) and RiverSource Mid Cap Value Fund (R4 shares) received 2008 Lipper Fund Awards as the leading funds in their respective Lipper categories for the five-year period ending Dec. 31, 2007. Both funds are managed by the RiverSource Investments Contrarian Equity Team. It's the fourth consecutive year that a fund managed by the team has received a Lipper Fund Award.
A Lipper Fund Award is presented to one fund in each Lipper category for achieving the strongest trend of consistent risk-adjusted performance against its category peers over a three-, five- or 10-year period. Class R4 shares are only available to qualified institutional investors and are not available to retail investors.
"To receive a Lipper Fund Award for four consecutive years across multiple categories is a great achievement and a testament to the Contrarian Equity Team's successful investment process," said Michelle Keeley, executive vice president of equities and fixed income for RiverSource Investments.
Contrarian Equity Team Lipper Fund Awards
2005 - RiverSource Diversified Equity Income Fund; Y - Equity Income category - 3 year
2006 - RiverSource Diversified Equity Income Fund; Y - Equity Income category - 3 year
2007 - RiverSource Equity Value Fund; R4 - Large Value category - 3 year
2007 - RiverSource Diversified Equity Income Fund; R4 - Equity Income category - 5 year
2008 - RiverSource Equity Value Fund; R4 - Large Value category - 5 year
2008 - RiverSource Mid Cap Value Fund; R4 - Mid Cap Value category - 5 year
The Contrarian Equity Team consists of four portfolio managers: Warren Spitz, Steve Schroll, Laton Spahr and Paul Stocking and a dedicated research staff of nine analysts. Spitz is the senior member of the team and has been the lead portfolio manager since November 2000.
The team manages:
- RiverSource 120/20 Contrarian Equity Fund
- RiverSource Dividend Opportunity Fund
- RiverSource Diversified Equity Income Fund
- RiverSource Equity Value Fund
- RiverSource Mid Cap Value Fund
The team also manages institutional and retail separate accounts and other portfolios.
About RiverSource Investments
RiverSource Investments develops and manages asset growth, preservation and income solutions that revolve around the needs of today's investors. The firm's specialized investment platform provides access to investment and research professionals located in strategic investment centers in the U.S. and overseas. RiverSource Investments delivers a full range of solutions across the risk return spectrum to retail investors and their advisors and to institutional investors including corporations, pension funds, governments, foundations and endowments.
For more information, visit riversource.com.
About Ameriprise Financial
Ameriprise Financial, Inc., is a diversified financial services company serving the comprehensive financial planning needs of the mass affluent and affluent.
For more information, visit ameriprise.com.
You should consider the investment objectives, risks, charges and expenses of a mutual fund carefully before investing. For a free prospectus, which contains this and other important information about the funds, call (888) 791-3380. Read the prospectus carefully before investing.
Past performance does not guarantee future results.
Investment products, including shares of mutual funds, are not federally or FDIC-insured, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.
RiverSource® mutual funds are distributed by RiverSource Distributors, Inc., Member FINRA, and managed by RiverSource Investments, LLC. These companies are part of Ameriprise Financial, Inc. (NYSE: AMP).
© 2008 RiverSource Distributors, Inc. All rights reserved.
Contact:
Ryan Lund
Director – Media Relations
RiverSource Investments, LLC
612-671-3459
ryan.s.lund@ampf.com
