NEW YORK, April 28, 2011 /PRNewswire/ --

What:  OppenheimerFunds/Rochester will host a free webinar focused on addressing the current state of the municipal bond market.  An esteemed panel of industry experts will provide perspectives on topics ranging from managing municipal bonds in this environment to market trends that could influence the market going forward to the outlook for municipal bankruptcies and defaults.  

When:  June 22, 2011

12:00PM to 1:15PM EDT

To access the free webinar, please email kferrari@cjpcom.com. Website address will be provided closer to the event date.

Who:  Panelists

• Daniel Loughran, Senior Vice President and Senior Portfolio Manager of OppenheimerFunds, Inc., and leader of the Oppenheimer Rochester™ municipal investment team
• James Spiotto, Partner, Chapman and Cutler LLP, and head of the firm's Special Litigation, Bankruptcy and Workout Group
• George Friedlander, Senior U.S. Municipal Securities Strategist, Citigroup

Moderator

• Patrick McGee, Underwriters & Dealers Reporter, The Bond Buyer

About OppenheimerFunds/Rochester

The OppenheimerFunds/Rochester investment team, one of the most respected leaders in the financial industry, manages 20 municipal bond funds. With a proven approach that was first established more than two decades years ago, the investing and credit professionals at OppenheimerFunds/Rochester have helped countless investors realize their goals for tax-free fixed income.  The investment team has a value-oriented, research-intensive and security-specific approach to fund management and seeks to identify market inefficiencies that can generate long-term, yield-driven total returns to investors.  Further information about the Rochester style of fund management is available at www.rochesterway.com and www.twitter.com/rochesterfunds.

About OppenheimerFunds, Inc. 

OppenheimerFunds, Inc. is one of the nation's largest and most respected investment management companies.  As of March 31, 2011, OppenheimerFunds, Inc., including subsidiaries, managed more than $185 billion in assets, including mutual funds having approximately 11 million shareholder accounts, including sub-accounts. Known for its tagline The Right Way to Invest, OppenheimerFunds, Inc. has been helping investors reach their financial goals since 1960.  The Company and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, qualified retirement plans and sub advisory investment-management services.  

Fixed-income investing entails credit risks and interest rate risks. When interest rates rise, bond prices fall and a fund's share price can fall. Further, a portion of some funds' distributions may be taxable and may increase alternative minimum tax (AMT) for investors subject to that tax; distributions from net realized capital gains are taxable as capital gains.

Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.

Before investing in any of the Oppenheimer funds, investors should carefully consider a fund's investment objectives, risks, charges and expenses. Fund prospectuses and, if available, summary prospectuses contain this and other information about the funds. You may download and view a prospectus now, or to obtain one, ask your financial advisor or call OppenheimerFunds Distributor, Inc. at 1.800.CALL OPP (225.5677). Read prospectuses and, if available, summary prospectuses carefully before investing.

OppenheimerFunds are distributed by OppenheimerFunds Distributor, Inc. Two World Financial Center, 225 Liberty Street, New York, NY, 10281

© 2011 OppenheimerFunds Distributor, Inc.

SOURCE OppenheimerFunds, Inc.