Press Releases

FOR IMMEDIATE RELEASE

April 27, 2009

DARRYL SEAVEY JOINS
RAYMOND JAMES TAX CREDIT FUNDS
AS VICE PRESIDENT, DIRECTOR OF AQUISITIONS

ST. PETERSBURG, Fla. – Darryl J. Seavey has joined Raymond James Tax Credit Funds, Inc., a wholly owned subsidiary of Raymond James Financial, Inc. (NYSE-RJF) and leading syndicator of affordable housing, as vice president, director of acquisitions. He is responsible for overseeing the firm’s property acquisitions in the Northeast region of the country.

Seavey, a veteran of the low-income housing tax credit industry, brings two decades of legal and real estate experience to the position. His background includes originating, developing and managing all phases of affordable housing developments, including coordinating terms for debt, equity and government subsidies. In 2008, he originated and closed more than 20 deals in New York and is a leading producer in that market.

Prior to joining Raymond James, he served as managing director for the northeast United States for a major national syndicator. Prior to that, he served as assistant, and later deputy commissioner, of the New York State Division of Housing and Community Renewal. He holds a bachelor’s degree from Union College in Schenectady, N.Y., and a law degree from Brooklyn Law School.

About Raymond James Tax Credit Funds
Raymond James Tax Credit Funds has been an active participant in the tax credit program since its inception in 1986. To date, RJTCF has raised more than $2.3 billion in equity and sponsored 45 tax credit funds with investments in more than 1,200 tax credit projects in 43 states.

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For additional information, please contact Tammy Eitel at 727-567-2824 or visit rjtcf.com.

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