Federated's Total Return Bond Fund to acquire Performance Income Fund

By Toni Weeks

San Diego, July 27 - Federated Total Return Series, Inc. announced in a 497 filing with the Securities and Exchange Commission that its Performance Intermediate Term Income Fund will be acquired by the series' Federated Total Return Bond Fund.

The Bond Fund seeks to provide total return by investing primarily in a portfolio of investment-grade fixed-income securities.

The reorganization is subject to shareholder approval at a meeting on Sept. 19 and certain other conditions. If approved, the termination date for the fee waiver agreement with the acquiring fund's investment adviser, Pittsburgh-based Federated Investment Management Co., will be extended to Aug. 1, 2013 from Feb. 1, 2013.

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