NEW YORK, April 1, 2015 – OppenheimerFunds, a leader in global asset management, today announced that nine of the firm’s funds have received a 2015 Lipper Fund Award, recognizing each fund as Best-in-Class in its respective Lipper category.1 The awards highlight OppenheimerFunds’ expertise in the Domestic Debt and Municipal Bond asset classes.

“These awards recognize the work of our portfolio managers and the entire investment team, highlighting the value we provide to investors,” said Krishna Memani, Chief Investment Officer of OppenheimerFunds. “Our high-conviction, active approach continues to serve clients well and distinguish our company among global asset managers.”

Lipper awarded the following OppenheimerFunds products as Best-in-Class in their respective categories based on consistent return for the three-year or five-year period ended Nov. 28, 2014, as indicated:

Domestic Debt

Municipal Bond

1 The Lipper Fund Awards program honors funds that have excelled in delivering consistently strong risk- adjusted performance, relative to peers. In addition, the Lipper Fund Awards program recognizes fund families with high average scores for all funds within a particular asset class or overall. The Lipper Fund Awards take place in 23 countries in Asia, Europe, MENA, and the Americas. Lipper designates award- winning funds in most individual classifications for the three-, five-, and ten-year periods and fund families with high average scores for the three-year time period. The top three-year classification winners and fund family winners receive trophies at the ceremonies. Please review the Lipper Fund Awards methodology document to learn more about how the awards are calculated. Lipper Fund Awards are part of the broader Thomson Reuters Awards for Excellence program. Please visit the Awards for Excellence website for more details about the Lipper Fund Awards.