Jefferies (JEF) Completes Liquidation of Peregrine Financial Group Positions, Less One Small Canadian Account

July 11, 2012 9:20 AM EDT
In an announcement today, Jefferies (NYSE: JEF) confirmed that it has completed the liquidation of Peregrine Financial Group ("PFG") positions, with the exception of a small Canadian account in the process of being transferred at the request of Canadian regulators. Liquidation was completed in an orderly manner at aggregate levels similar to the prices from Monday's close of business. Until disbursement is directed by regulators, PFG-related cash of approximately $125 million will remain in fully segregated accounts. Jefferies incurred no loss as a result of this liquidation and has no other involvement in PFG accounts or assets.

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