ROLAND TAKES STOCK IN FENDER

Fender Musical Instruments Corporation announced the recent sale of holdings in the company. In order to reward its founding shareholders of more than
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Fender Musical Instruments Corporation announced the recent sale of holdings in the company. In order to reward its founding shareholders of more than 16 years, Fender has recapitalized a minority portion of its common stock to allow for a partial payment to those who helped finance the buyout of the company from CBS in 1985.

New financial partners include Roland Corporation U.S., the Los Angeles-based musical instrument company with whom Fender has previously partnered on co-designed products, and Weston Presidio, a private equity firm based out of San Francisco.

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