DST Systems, Inc. Announces Closing of Secondary Offering

PR Newswire

KANSAS CITY, Mo., May 14, 2014 /PRNewswire/ -- DST Systems, Inc. ("DST Systems") (DST) announced today the closing of the previously announced underwritten secondary offering by the Argyros Family Trust and certain of its affiliates (the "Argyros Group") of 5,357,200 shares of DST Systems' common stock at a price of $84.00 per share pursuant to DST Systems' shelf registration statement filed with the Securities and Exchange Commission ("SEC").  In connection with the secondary offering, the Argyros Group have granted the underwriters a 30-day option to purchase up to 267,860 additional shares of DST Systems' common stock owned by the Argyros Group. The Argyros Group received all of the proceeds from this offering.  No shares of common stock were sold by DST Systems.  DST Systems also completed its previously announced repurchase of 2,429,543 shares of common stock from the Argyros Group at a price of $82.32 per share, which was conditioned on the completion of the secondary offering.

BofA Merrill Lynch and Morgan Stanley acted as the joint bookrunners for the offering.

A shelf registration statement, including a prospectus, with respect to the offering was filed by DST Systems with the SEC and became effective on May 5, 2014. A preliminary prospectus relating to the offering was filed with the SEC. The offering is made only by means of a prospectus supplement and accompanying base prospectus. Copies of the prospectus supplement and the accompanying prospectus relating to these securities may be obtained without charge from BofA Merrill Lynch, Attn: Prospectus Department, 222 Broadway, New York, New York 10038, email: dg.prospectus_requests@baml.com and Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, email: prospectus@morganstanley.com. A copy of the prospectus supplement and accompanying base prospectus may also be obtained without charge by visiting the SEC website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any security, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

DST Systems, Inc.

Contacts

333 West 11th Street

Media:

Kansas City, MO

Matthew Sherman / Nicholas Lamplough

64105-1594

Joele Frank, Wilkinson Brimmer Katcher

NYSE Symbol: DST

(212) 355-4449

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