Cohen and Steers Licenses ePAMSM from Princeton Financial Systems

Princeton, NJ USA (June 14, 2005)-- Princeton Financial Systems’ newest client, Cohen and Steers Capital Management, has licensed the ePAMSM portfolio management and accounting system for their $12 billion mutual fund and $3 billion institutional accounts. ePAM was selected for its ability to handle Cohen and Steers’ requirements for fund accounting and portfolio management.

Cohen and Steers is a leading manager of income-oriented equity portfolios. They specialize in REIT common and preferred stocks, utility common stocks, global real estate securities and preferred securities, serving both institutional and individual investors. They will use ePAM to streamline operations by providing a single system for all their positions.

"We are honoured to have been selected," said Lorne Whitmore, Princeton Financial Systems’ Managing Director of Global Sales. "We believe that Cohen and Steers’ selection of ePAM is a testament to its ability to meet the needs of the mutual fund market."

Princeton Financial Systems, a wholly owned subsidiary of State Street Corporation, is a leading provider of investment management and accounting systems and ASP services for global institutional investors. Its flagship PAM® investment management systems provide comprehensive STP-ready functionality that can be licensed for in-house use or accessed via the Internet. PAM systems are currently used worldwide by over 375 leading investment managers, insurance companies, mutual funds and unit trusts, pension funds, hedge funds, endowments, banks, and corporations, which manage combined total assets over US $3 trillion. Princeton Financial has offices located in the United States, Canada, United Kingdom, the Netherlands, Belgium, Australia, and Singapore.

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