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SouthernSun to Close Small Cap Strategy to New Accounts

MEMPHIS, Tenn., May 6, 2013 (GLOBE NEWSWIRE) -- SouthernSun Asset Management announced that its Small Cap Equity strategy, which includes both the SouthernSun Small Cap Funds (SSSFX, SSSIX) and separately managed accounts, will be closed to new accounts beginning May 17, 2013. The strategy, which was started in 1990, ended 1Q13 with approximately $2.28 billion in assets.

Michael W. Cook, Sr., SouthernSun Founder, CEO, and CIO, said, "We are quite comfortable managing the Small Cap strategy at this level of assets and continue to find new, attractively valued Small Cap investments. However, we want to be conscientious about our capacity planning and, therefore, feel it is prudent to soft close the strategy to new investors."

"This strategy has already been closed to most retail accounts and wrap programs for some time," said Rebecca J. Smith, SouthernSun's Director of Client Relations. "We are now closing the strategy to new institutional-sized separately managed accounts as well." The firm reiterated that its Small Cap strategy will remain open to existing investors to accommodate additional inflows.

Additionally, since 1997, Mr. Cook has managed SouthernSun's SMID Cap Equity separately managed account strategy – a less constrained extension of the Small Cap strategy – which invests in domestic small and mid cap companies. The firm also offers the U.S. Equity Fund (SSEFX, SSEIX, SSECX), a mutual fund which is managed with similar investment objectives as the SMID Cap separately managed account strategy. Both vehicles remain open to new investors at this time.

About SouthernSun Asset Management, LLC

SouthernSun Asset Management, LLC, established in 1989 and headquartered in Memphis, TN, is a research – driven investment management firm specializing in U.S. SMID Cap Equity and U.S. Small Cap Equity investment strategies. The firm is a Registered Investment Advisor, founded by CEO and CIO Michael W. Cook. As of March 31, 2013, the firm managed approximately $3.2 billion in assets across various client channels and investment vehicles.

For more information, please visit http://www.southernsunfunds.com.

Investments in the SouthernSun Funds are not FDIC-insured nor are they deposits of or guaranteed by a bank or any other entity, so you may lose money. Small and mid capitalization securities involve greater risk than securities of larger, more-established companies, as they often have limited product lines, markets or financial resources and may be subject to more-erratic and more-abrupt market movements. There is no assurance the fund will achieve its objective.

Investors should carefully consider the investment objectives, risks, charges and expenses of the SouthernSun Funds. This and other information about the Funds is contained in the prospectus and should be read carefully before investing. The prospectus can be obtained by calling toll free 1-866-672-3863 or visiting www.southernsunfunds.com. The SouthernSun Funds are distributed by Northern Lights Distributors, LLC. SouthernSun Asset Management and Northern Lights Distributors, LLC are not affiliated.

CONTACT: Press Contact: M. Stuart Harris, Senior Associate SouthernSun Asset Management Phone: 901.521.4230 Email: sharris@southernsunam.comSource: SouthernSun Asset Management