Amherst Securities Group Announces Planned Merger with Pierpont Securities

Amherst Securities Group, LP (“Amherst Securities”), a fixedincome broker-dealer focused on mortgage-related, asset-backed and structured finance investments, and Pierpont Securities LLC (“Pierpont”), a fixed-income broker-dealer focused on rates and credit products, today announced that they have entered into a definitive agreement to merge in a transaction that will create a market-leading fixed-income broker-dealer. The combined company will be known as Amherst Pierpont Securities LLC (“Amherst Pierpont Securities”). Financial terms of the transaction were not disclosed.