Leading Independent Proxy Advisory Firm Glass Lewis Joins ISS in Recommending Pzena Stockholders Vote “FOR” Transaction to Become Private Company

NEW YORK, Oct. 18, 2022 (GLOBE NEWSWIRE) -- Pzena Investment Management, Inc. (NYSE: PZN) (“PZN”) today announced that leading independent proxy advisory firm Glass, Lewis & Co (“Glass Lewis”) has recommended that stockholders vote “FOR” the adoption of the merger agreement pursuant to which Pzena will become a private company. Institutional Shareholder Services (“ISS”) has also recommended that stockholders vote in support of the transaction. The special meeting of stockholders to vote on the transaction will take place virtually on October 27, 2022, at 10:00 a.m. Eastern Time.