PITTSBURGH, Feb. 19, 2015 /PRNewswire/ -- Federated Investors, Inc. (NYSE: FII), one of the nation's largest investment managers, today announced that the company's board of directors has authorized a new share repurchase program.  The new program allows Federated to repurchase up to 4 million additional shares of class B common stock in the open market with no stated expiration date.  The repurchased stock is to be held in treasury for employee share-based compensation plans, potential acquisitions and other corporate activities.

"The new share repurchase authorization underscores Federated's commitment to building shareholder value," said Thomas R. Donahue, chief financial officer and treasurer of Federated Investors.  "The company continues to maintain a strong and flexible balance sheet that positions Federated for growth opportunities, including acquisitions."

The company's existing share repurchase program, which also has no stated expiration date, remains in effect with approximately 300,000 shares available as of Feb. 5, 2015.  

Federated Investors, Inc. is one of the largest investment managers in the United States, managing $362.9 billion in assets as of Dec. 31, 2014.  With 131 funds and a variety of separately managed account options, Federated provides comprehensive investment management to more than 7,700 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers.  For more information, visit FederatedInvestors.com.

Certain statements in this press release, such as those related to the company's liquidity, future uses of cash, capital structure, shareholder value and ability to pursue acquisitions and other growth opportunities, constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of the company, or industry results, to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements.  Other risks and uncertainties include the possibility that the company's credit facilities, cash flow and available cash will not meet its liquidity needs, the company's plans to use cash may change, the company's assumptions regarding its capital structure may prove to be incorrect, and the company may be unable to pursue growth opportunities, as well as the risk factors discussed in the company's annual and quarterly reports as filed with the Securities and Exchange Commission.  As a result, no assurance can be given as to future results, levels of activity, performance or achievements, and neither the company nor any other person assumes responsibility for the accuracy and completeness of such statements in the future.

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SOURCE Federated Investors, Inc.