MINNEAPOLIS – March 25, 2011 – Ameriprise Financial has been working with Securities America, Inc. (SAI), an independent subsidiary of Ameriprise, and plaintiffs to help SAI resolve legal matters related to sales of Medical Capital and Provident Royalties securities. Ameriprise Financial today issued the following statement on the matter:

The parties have made substantial progress and have committed to a process that we are hopeful will result in a full and final resolution of the matters.