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NEW YORK, March 27, 2017 – OppenheimerFunds, a leading global asset manager, today announced that 21 of its funds earned 2017 Lipper Fund Awards, in four asset classes. The Lipper Awards honor funds that have delivered consistently strong risk-adjusted performance relative to peers.1 The awards highlight OppenheimerFunds’ expertise in the Emerging Markets, International Small/Mid-Cap, Municipal Bond and Senior Loans asset classes.

“These awards underscore the strength of our portfolio management talent and the depth of our investment bench,” said Krishna Memani, Chief Investment Officer at OppenheimerFunds. “We can be proud of our long term focus and investment rigor across asset classes in 2016.”

Oppenheimer funds that received 2017 Lipper Awards on the basis of returns for the three-, five-, or 10-year period ended Nov. 30, 2016, included:

  • Oppenheimer Developing Markets Fund (ODVYX) Y shares were named best-in-class among 168 Emerging Markets Funds for the 10-year period ended Nov. 30, 2016.

    Justin Leverenz, Lead Portfolio Manager
  • Oppenheimer International Small-Mid Company Fund (OSCIX) I shares were named best-in-class among 143 International Small/Mid-Cap Growth Funds for the three-year period ended Nov. 30, 2016.

    (OSMYX) Y shares were named best-in-class among 124 International Small/Mid-Cap Growth Funds for the five-year period ended Nov. 30, 2016.

    Rezo Kanovich, Portfolio Manager
  • Oppenheimer Rochester Short Term Municipal Fund (ORSYX) Y shares were named best-in-class among 91 & 79 Short Municipal Debt Funds for the three- and five-year period, respectively, ended Nov. 30, 2016.

    Scott Cottier Co-Team Leader, Portfolio Manager
    Troy Willis, Co-Team Leader, Portfolio Manager
  • Oppenheimer Rochester AMT-Free New York Municipal Fund (OMFYX) Y shares were named best-in-class among 91 New York Municipal Debt Funds for the three period ended Nov. 30, 2016.

    Scott Cottier, Co-Team Leader, Portfolio Manager
    Troy Willis, Co-Team Leader, Portfolio Manager
  • Oppenheimer Rochester High Yield Municipal Fund (ORNYX) Y shares were named best-in-class among 129 High Yield Municipal Debt Funds for the three-year period ended Nov. 30, 2016.

    Scott Cottier, Co-Team Leader, Portfolio Manager
    Troy Willis, Co-Team Leader, Portfolio Manager
  • Oppenheimer Senior Floating Rate Fund (OOSYX) Y shares were named best-in-class among 55 Loan Participation Funds for the 10-year period ended Nov. 30, 2016.

    Joseph Welsh, Lead Portfolio Manager

Several additional Rochester Funds received Awards. Visit Lipper to view the complete list.

OppenheimerFunds’ Rochester franchise, with $25 billion in AUM, was ranked #1 by Barron’s in Tax Exempt Bonds for 2016.

Y and I shares are not available to all investors, see the prospectus for details.

1 Lipper Awards are granted annually to the funds in each Lipper classification that achieve the highest score for Consistent Return, a measure of funds’ historical risk-adjusted returns, measured in local currency, relative to peers. Winners are selected using the Lipper Leader rating for Consistent Return for funds with at least 36 months of performance history as of 11/30/16. Awards are presented for the highest Lipper Leader for Consistent Return within each eligible classification over 3, 5 or 10 years. Other share classes may have different performance and expense characteristics. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. Lipper awards are not intended to predict future results. Past performance does not guarantee future results.