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June 9, 2011

Raymond James Honored With Three Energy Investment Banking Awards

ST. PETERSBURG, Fla. – Raymond James’ Energy Investment Banking group recently was recognized with a trio of awards for its part in the initial public offering of Energy Corporation of America’s ECA Marcellus Trust I royalty trust (NYSE-ECT). Raymond James acted as sole structuring agent in designing the security and served as book runner in marketing the transaction.

The awards received are:

  • Best Financing of the Year – Oil & Gas Investor’s 2010 Excellence Awards
  • Energy Deal of the Year – 2011 Association for Corporate Growth New York Champion’s Awards
  • Energy Deal of the Year – The M&A Advisor’s 2011 Financing Awards

“We are thrilled to be recognized for our efforts on the ECA Marcellus Trust I IPO,” said Howard House, managing director and co-head of Raymond James’ Energy Investment Banking group. “This new security, now commonly referred to as a drilling trust, gives the exploration and production industry another means to fund development of low-risk, high-return assets. These awards are a great honor and reflect the tremendous expertise that Raymond James has developed in the area of royalty trusts.”

Completed in June 2010, the IPO raised approximately $182 million in gross proceeds to the sponsor. The trust consists of 14 producing horizontal wells and 52 future horizontal wells in the Marcellus shale in Pennsylvania. Since the IPO, another drilling trust has gone public and more are expected.

Raymond James was also nominated by The M&A Advisor for Equity Financing Deal of the Year and by the Association for Corporate Growth for Middle-Market Deal of the Year and Investment Banking Firm of the Year. The Association for Corporate Growth award winners will be announced on June 20.

About Raymond James Financial, Inc.

Raymond James Financial (NYSE-RJF) is a Florida-based diversified holding company providing financial services to individuals, corporations and municipalities through its subsidiary companies. Its three principal wholly owned broker/dealers, Raymond James & Associates, Raymond James Financial Services and Raymond James Ltd. have more than 5,300 financial advisors serving 1.9 million accounts in 2,400 locations throughout the United States, Canada and overseas. In addition, total client assets are approximately $282 billion, of which approximately $37 billion are managed by the firm’s asset management subsidiaries.

To the extent that Raymond James makes or publishes forward-looking statements (regarding management expectations, strategic objectives, business prospects, anticipated expense savings, financial results, anticipated results of litigation and regulatory proceedings, and other similar matters), a variety of factors, many of which are beyond Raymond James’ control, could cause actual results and experiences to differ materially from the expectations and objectives expressed in these statements. These factors are described in Raymond James’ 2010 annual report on Form 10-K and the quarterly report on Form 10-Q for the quarters ended December 31, 2010, and March 31, 2011, which are available on RAYMONDJAMES.COM and SEC.GOV.