First Investors Consolidated Corporation To Be Acquired By Canadian Insurance Firm

New York, NY, September 21, 2010 - First Investors Consolidated Corporation (FICC) – a privately held company focused on the financial needs of Americans – and Toronto-based Foresters, a life insurance provider with a similar commitment to the well-being of families, today announced that they have signed a definitive agreement in which Foresters will acquire a 100% ownership position in FICC. The acquisition includes FICC's registered broker-dealer, its registered investment advisory firm, transfer agent and life insurance operations. Because neither organization is publicly held, the terms of the transaction are not being disclosed at this time.

FICC, or "First Investors," is an 80 year-old financial services company with US$6.3 billion in assets under management, providing a broad range of investment and life insurance products and services through its nationwide network of more than 700 sales professionals and 400 employees operating out of 46 offices in 26 states. Founded in 1874 as a fraternal benefit society, Foresters is a member-based insurance organization with assets of C$6.2 billion and surplus of C$1.4 billion and more than 675,000 members in Canada, the United States and United Kingdom. Foresters has operated in the United States for more than 100 years.

First Investors has been in business since 1930. During that time we have successfully navigated many difficult economic periods in our nation’s history. Through the personalized service of financial services representatives located in our nationwide network of offices, First Investors uses a face-to-face approach to offer a range of products and services, including mutual funds, annuities and life insurance. Our representatives understand the cyclical nature of the markets, and work closely with clients to establish a disciplined approach to achieving long-term financial goals.

For more information on any First Investors fund, you may obtain a free prospectus by calling (800) 423-4026; writing to First Investors Corporation, 110 Wall Street, New York, NY 10005; or visiting the website www.firstinvestors.com. You should consider the investment objectives, risks, charges and expenses of the fund carefully before investing. The prospectus contains this and other information about the fund, and should be read carefully before investing. An investment in a fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Past performance is no guarantee of future results.

First Investors Corporation
Executive Office
110 Wall Street
New York, NY 10005
(800) 423-4026
www.firstinvestors.com

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