SWS Group (SWS) Commences 4.1M Share Equity Offering

SWS Group, Inc. (NYSE: SWS) announced today that it has commenced an underwritten public offering of 4,100,000 shares of its common stock. The underwriters will be granted a 30-day option to purchase up to an additional 615,000 shares of common stock from the Company to cover over-allotments, if any. The Company intends to use the net proceeds for general corporate purposes and to support continued growth or selective opportunistic acquisitions. The offering is being made pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission.

BofA Merrill Lynch will act as sole book-running manager for the offering. BMO Capital Markets and Southwest Securities, Inc. will act as co-managers.