David P. Parker to serve as outside counsel to Allied Capital.WASHINGTON--(BUSINESS WIRE)--Feb. 13, 1995--Allied Capital Advisers Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ALLA) announced Monday that its in-house In-house In the context of general equities, keeping an activity within the firm. For example, rather than go to the marketplace and sell a security for a client to anyone, an attempt is made to find a buyer to complete the transaction with the firm. General Counsel and Secretary, David P. Parker, will resign Feb. 16, 1995 and is expected to take a position of counsel to the firm of Dickstein, Shapiro & Morin, L.L.P., of Washington, D.C. Parker is expected to handle Allied Capital's transaction work at Dickstein, Shapiro. Parker has served as house counsel to Allied Capital Advisers Inc. and its managed funds for nearly 16 years. Thomas R. Salley, now Assistant General Counsel and Assistant Secretary, will succeed Parker as General Counsel and Secretary. Parker's move will externalize externalize see exteriorize. Allied Capital's transactional legal work, with a view to increasing the depth and range of legal resources available. The move will also consolidate transaction work previously performed by a number of outside firms. Allied Capital Advisers Inc. is a publicly traded investment adviser located in Washington, D.C. The stock is traded on the Nasdaq SmallCap Market, symbol ALLA. A recent bid was $3.50. Market makers in the stock include Ferris, Baker Watts Watts, residential section of south central Los Angeles. Named after C. H. Watts, a Pasadena realtor, the section became part of Los Angeles in 1926. Artist Simon Rodia's celebrated Watts Towers are there. ; Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. Inc.; Van Kasper & Co.; Folger, Nolan, Fleming, and Douglas; and Herzog, Heine & Geduld. There are 8,854,288 shares outstanding. Currently Allied Capital Advisers manages assets totalling approximately $550 million. For further information or a copy of the company's annual report, please contact Allied Capital's Investor Relations Investor relations The process by which the corporation communicates with its investors. Department at 202/331-1112, or fax to 202/659-2053. CONTACT: Allied Capital, Washington Suzanne Sparrow, 202/331-1112 |
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