Company Press Release

BOSTON, Oct 06, 2008 (BUSINESS WIRE) -- Natixis Global Associates (NGA), named by Financial Research Corp. as the fastest-growing mutual fund complex in 2006 and 2007(1), today announced the launch of the Delafield Select Fund. The Fund is a concentrated portfolio of approximately 25 small- and mid-cap value stocks managed for capital appreciation. The Delafield Select Fund is managed by veteran portfolio managers Vincent Sellecchia, J. Dennis Delafield, Charles Neuhauser and Donald Wang. Mr. Sellecchia and Mr. Delafield have also co-managed the Delafield Fund since its inception in 1993.

Delafield Asset Management is a division of Reich & Tang Asset Management, the investment manager for the Fund. The Fund has been launched after acquiring the assets and liabilities of the Reich & Tang Concentrated Portfolio, L.P. ("Concentrated, L.P."). Mr. Sellecchia has been a manager of the Concentrated, L.P. since its inception in 1998; Mr. Neuhauser and Mr. Wang since 2003; and Mr. Delafield since 2005. The Delafield Select Fund has a substantially similar investment strategy to the Concentrated, L.P. but is a registered '40 Act mutual fund and offers A, C and Y shares.

"The Delafield Asset Management team has produced strong long-term results and we are pleased to be able to introduce their capabilities to the retail broker-dealer channel," said David Giunta, president of Natixis Global Associates. "The Delafield Select Fund is a great addition to our product line-up and will provide our investors with another solid offering in the small-mid cap equity category." "We are pleased to partner with Natixis on this initiative," said Mr. Sellecchia. "This is an ideal opportunity for us to reach a broader pool of investors and our existing L.P. interest holders will benefit from enhanced infrastructure and shareholder services provided through Natixis Global Associates."

About Reich & Tang Asset Management

Reich & Tang Asset Management is comprised of three operating groups: Delafield Asset Management provides value equity strategies to institutional and high net worth clients. Reich & Tang Funds specializes in the investment of short-term liquid assets through a family of money market funds and similar portfolios. Global Investment Advisors offers globally diversified yield-enhanced fixed income portfolios to institutional clients.

About Natixis Global Associates

Natixis Global Associates (NGA) is the distribution arm of Natixis Global Asset Management. NGA works on a consultative basis from its 12 worldwide offices, tailoring the expertise of its managers to meet the investment objectives of local clients. In the U.S., Natixis Global Associates includes Natixis Distributors, L.P. (member FINRA) and Natixis Asset Management Advisors, L.P. (a registered investment advisor). Both are located at 399 Boylston Street, Boston, MA 02116. www.ga.natixis.com

About Natixis Global Asset Management

Natixis Global Asset Management is one of the 15 largest asset managers in the world(2) based on assets under management. Its affiliated asset management companies provide investment products that seek to enhance and protect the wealth and retirement assets of both institutional and individual investor clients. Its proprietary distribution network helps package and deliver its affiliates' products around the world. Natixis Global Asset Management brings together the expertise of multiple specialized investment managers based in Europe, the United States and Asia to offer a wide spectrum of equity, fixed income and alternative investment strategies. Headquartered in Paris and Boston, Natixis Global Asset Management's assets under management totaled $890 billion (564 billion) as of June 30, 2008. Natixis Global Asset Management is part of Natixis, the investment and projects bank of the Banque Populaire and Caisse d'Epargne groups. Its affiliated investment management firms and distribution and service groups include: AEW Capital Management; AlphaSimplex Group; Capital Growth Management; Caspian Capital Management; Gateway Investment Advisers; Hansberger Global Investors; Harris Alternatives; Harris Associates; Loomis, Sayles & Co.; Natixis Global Associates; Reich & Tang Asset Management; Snyder Capital Management; Vaughan Nelson Investment Management; and Westpeak Global Advisors. In addition to the U.S. firms, Natixis Global Asset Management includes four principal affiliates based in Paris: Natixis Asset Management, Natixis Multimanager, AEW Europe and Natixis Epargne Financiere.

For more complete information about the Delafield Select Fund including a prospectus detailing charges and expenses, please contact your financial representative, or call Natixis Distributors, L.P. at 800-862-4863. Investors should consider a fund's objective, risks and expenses carefully before investing. This and other information can be found in the fund's prospectus. Please read the prospectus carefully before you invest or send money. (1) As measured by the ratio of net flows to assets. Among other fund firms with $10 billion or more in assets. (2) Cerulli Quantitative Update: Global Markets 2008, based on Dec. 31, 2007 AUM of $870 billion. SOURCE: Natixis Global Associates