Manning & Napier Fund, Inc. ("Manning & Napier" or "the Company") recently announced the launch of the Manning & Napier Fund, Inc. Strategic Income Conservative Series and the Manning & Napier Fund, Inc. Strategic Income Moderate Series, two mutual funds that feature a blend of stocks and bonds, and will target income-producing securities. The funds couple the firm's expertise in active asset allocation with a strategy that will help meet the needs of income-oriented investors in the current low-yield market environment.

The Manning & Napier Fund, Inc. Strategic Income Conservative Series and Moderate Series both invest in four underlying, proprietary mutual funds that provide diversified exposure to dividend paying equities, fixed income, and real estate. The funds intend to provide investors with both income and appreciation potential, while focusing on minimizing risk.

The Strategic Income Conservative Series offers a 15%-45% equity range, and the Strategic Income Moderate Series offers a 44%-75% equity range. Both funds are managed under the oversight of Manning & Napier's Senior Research Group.

"In today's market environment, yields on traditional 'safe,' income-producing securities like U.S. Treasuries are very low, and negative in some cases on an inflation-adjusted basis. Not only does this provide challenges for generating income, but it also exposes investors to potential capital risk," said Patrick Cunningham, Chief Executive Officer. "We have developed a strategy that provides greater income potential and helps to mitigate risk through an active security selection and asset allocation approach."

The funds will be offered with both a retail share class (S Class) and institutional share class (I Class) with investment minimums of $2,000 and $1 million, respectively.

"Our firm has a long history of helping clients solve their problems," Cunningham continued. "Our Strategic Income strategy provides an alternative to traditional income-oriented strategies that may prove inadequate in the current environment."

For more information about any of the Manning & Napier Fund, Inc. Series, you may obtain a prospectus at www.manning-napier.com or by calling (800) 466-3863. Before investing, carefully consider the objectives, risks, charges and expenses of the investment and read the prospectus carefully as it contains this and other information about the investment company.

The Series invests in a combination of other affiliated funds, and is subject to asset allocation risk as well as the risks associated with each underlying fund's investment portfolio. An investment in the Series will fluctuate in response to stock market movements and changes in interest rates.

For more information on Manning & Napier and investment strategies, visit: https://www.manning-napier.com/.

About Manning & Napier

Manning & Napier (NYSE: MN) provides a broad range of investment solutions through separately managed accounts, mutual funds, and collective investment trust funds, as well as a variety of consultative services that complement our investment process. Founded in 1970, we offer equity and fixed income portfolios as well as a range of blended asset portfolios, such as life cycle funds, that use a mix of stocks and bonds. We serve a diversified client base of high-net-worth individuals and institutions, including 401(k) plans, pension plans, Taft-Hartley plans, endowments and foundations. For many of these clients, our relationship goes beyond investment management and includes customized solutions that address key issues and solve client-specific problems. We are headquartered in Fairport, NY and had 512 employees as of June 30, 2012.

Manning & Napier, Inc. is publicly traded under MN. The Manning & Napier Fund, Inc. is managed by Manning & Napier Advisors, LLC. Manning & Napier Investor Services, Inc., an affiliate of Manning & Napier Advisors, LLC, is the distributor of the fund shares. This summary is for informational purposes only. This release is not considered an offering in all states.

Safe Harbor Statement

This press release and other statements that the Company may make may contain forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the Company's current views with respect to, among other things, its operations and financial performance. Words like "believes," "expects," "may," "estimates," "will," "should," "intends," "plans," or "anticipates" or the negative thereof or other variations thereon or comparable terminology, are used to identify forward-looking statements, although not all forward-looking statements contain these words. Although the Company believes that it is basing its expectations and beliefs on reasonable assumptions within the bounds of what it currently knows about its business and operations, there can be no assurance that its actual results will not differ materially from what the Company expects or believes. Some of the factors that could cause the Company's actual results to differ from its expectations or beliefs include, without limitation: changes in securities or financial markets or general economic conditions; a decline in the performance of the Company's products; client sales and redemption activity; changes of government policy or regulations; and other risks discussed from time to time in the Company's filings with the Securities and Exchange Commission.

Public Relations Contact
Manning & Napier
Nicole Kingsley Brunner, 585-325-6880
nbrunner@manning-napier.com
or
Prosek Partners
Gabrielle Simon, 203-254-1300 ext.108
gsimon@prosek.com