Institutional Financial Markets, Inc. (the "Company") held its 2012 Annual Meeting of Stockholders (the "Annual Meeting") at 10:00 a.m., Eastern Time, on Wednesday, June 6, 2012, at Cira Centre, 2929 Arch Street, Mezzanine, Philadelphia, Pennsylvania 19104. The following two proposals were submitted for a vote of the stockholders of the Company at the Annual Meeting:

1. To elect ten directors, each to serve until the next annual meeting of stockholders and until his successor is duly elected and qualified; and

2. To ratify the appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for the year ending December 31, 2012.

The total number of the Company's securities entitled to vote at the Annual Meeting were: 12,884,350 shares of common stock and 4,983,557 shares of Series B Voting Non-Convertible Preferred Stock (the "Series B Preferred Shares"). The Company's common stock and the Series B Preferred Shares vote together on all matters. Of the combined common stock and Series B Preferred Shares, 14,585,029 shares, or 81.7%, were present in person or by proxy at the Annual Meeting.

The voting results were as follows:

1. Each of the following ten directors was elected to the Company's Board of Directors, to serve until the next annual meeting of stockholders in 2013 or until his successor is duly elected and qualified. The number of votes cast for and withheld from each of the directors and the number of broker non-votes were as follows:

          Nominee                  For         Withheld       Broker Non-Votes
          Walter T. Beach        8,816,216       165,646              5,603,167
          Rodney E. Bennett      8,377,757       604,105              5,603,167
          Daniel G. Cohen        8,331,543       650,319              5,603,167
          Thomas P. Costello     8,676,586       305,276              5,603,167
          G. Steven Dawson       8,364,208       617,654              5,603,167
          Joseph M. Donovan      8,564,893       416,969              5,603,167
          Jack Haraburda         8,435,280       546,582              5,603,167
          Neil S. Subin          8,242,898       738,964              5,603,167
          Lance Ullom            8,436,090       545,772              5,603,167
          Charles W. Wolcott     8,378,787       603,075              5,603,167

For Against Abstain 14,456,415 116,059 12,555

It was not necessary to adjourn the annual meeting.