American Stock Exchange Lists SPDR(R) Lehman Municipal Bond ETF

NEW YORK, Sept. 13  /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) today announced that it has launched trading in the SPDR(R) Lehman Municipal Bond ETF (AMEX:TFI) by State Street Global Advisors (SSgA).

"Amex is pleased to work with State Street as they continue to grow their family of fixed income ETFs," said Scott Ebner, Senior Vice President, Amex ETF Marketplace. "TFI gives investors access to the US municipal bond market and provides income that is exempt from federal income taxes."

TFI seeks to replicate the price and yield performance of the Lehman Brothers Municipal Managed Money Index.  The Index is a rules-based, market- value weighted index engineered for the tax exempt bond market. All bonds in the Index must be rated Aa3/AA or higher by at least two of the following statistical ratings agencies: Moody's, S&P, Fitch. Each index component must have an outstanding par value of at least $7 million and be issued as part of transaction of at least $75 million. The bonds must be fixed rate, have been issued within the last five years, and must be at least one year from their maturity date. Bonds subject to Federal alternative minimum tax, hospital bonds, housing bonds, tobacco bonds, and airline bonds, along with remarketed issues, taxable municipal bonds, floaters, and derivatives are all excluded from the Index.

  Kellogg Capital Group, LLC is the specialist for TFI.

  About the American Stock Exchange


The American Stock Exchange(R) (Amex(R)) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 337 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit http://www.amex.com/. 

DATASOURCE: American Stock Exchange



CONTACT:  Bari Trontz of American Stock Exchange, [phone],

 



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