Maxcor Financial Group Declares Quarterly Cash Dividend; $.0625 Per Co

    Business Editors

    NEW YORK--(BUSINESS WIRE)--Feb. 8, 2005--Maxcor Financial Group Inc. (Nasdaq: MAXF) announced today that its Board of Directors has declared a cash dividend of $.0625 per share of common stock for its fourth quarter ended December 31, 2004. The dividend will be paid on March 15, 2005 to holders of record on February 25, 2005. The annualized dividend rate of $.25 per share represents a 2.8% yield based on yesterday's closing share price of $8.84.

    Maxcor Financial Group Inc. (www.maxf.com), through its various Euro Brokers businesses, is a leading domestic and international inter-dealer brokerage firm specializing in interest rate and other derivatives, emerging market debt products, cash deposits and other money market instruments, U.S. Treasury and federal agency bonds and repurchase agreements, and other fixed income securities. Maxcor Financial Inc., the company's U.S. registered broker-dealer subsidiary, also conducts institutional sales and trading operations in corporate bonds, municipal bonds, convertible securities and equities. The company employs approximately 500 persons worldwide and maintains principal offices in New York, London and Tokyo.

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CONTACT: Maxcor Financial Group Inc. Media: Michelle Jordan, 714-435-0678 Cellular: 949-632-7848 or Maxcor - New York Roger Schwed, 646-346-7000

KEYWORD: NEW YORK INDUSTRY KEYWORD: BANKING DIVIDEND SOURCE: Maxcor Financial Group Inc.

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