Item 8.01 Other Events

On October 8, 2009, Highbury Financial Inc. ("Highbury") announced that it had 15,039,244 shares of common stock outstanding and 3,832,056 warrants to purchase shares of common stock outstanding as of October 7, 2009. In addition, there are 4,500,000 shares of common stock reserved for issuance upon conversion of Highbury's 1,000 outstanding shares of Series B Convertible Preferred Stock ("Preferred Stock"). The Preferred Stock has a face value of $22.5 million reflecting a conversion price of $5.00 per share. The Preferred Stock bears a dividend of 4% of the face value and is convertible only in certain circumstances. On October 7, 2009, Highbury had cash and equivalents and investments of approximately $10.5 million and no debt outstanding.

A copy of the Press Release issued by Highbury on October 8, 2009 is incorporated by reference herein and attached hereto as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits

Exhibits Exhibit No. Description 99.1 Press release issued by Highbury Financial Inc. dated October 8, 2009.

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