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NORTHEAST FEDERAL ANNOUNCES SPECIAL MEETING OF PREFERRED STOCKHOLDERS

NORTHEAST FEDERAL ANNOUNCES SPECIAL MEETING OF PREFERRED STOCKHOLDERS
 HARTFORD, Conn., Jan. 13 /PRNewswire/ -- Northeast Federal Corp., (NYSE: NSB) the holding company for Northeast Savings, F.A., has announced that a Special Meeting of Stockholders of $2.25 Cumulative Convertible Preferred Stock, Series A for the purpose of electing two directors will convene at 1:30 p.m. on Friday, March 20, 1992, at the J.P. Morgan Hotel, One Haynes St., Hartford, Connecticut. Holders of Northeast Federal Corp. $2.25 Cumulative Convertible Preferred Stock, Series A of record as of Jan. 28, 1992, will receive notice of and be eligible to vote at the meeting. Any directors elected at the meeting would fill two newly created directorships as a result of the corporation being in arrears in dividend payments in an amount equivalent to six or more full quarterly dividends on the preferred issue.
 -0- 1/13/92
 /CONTACT: George P. Rutland chairman of the board and chief executive office, 203-280-1100, or Kirk W. Walters, president, chief operating officer and chief financial officer, 203-280-1183, of Northeast Federal Corp./
 (NSB) CO: Northeast Federal Corp. ST: Connecticut IN: FIN SU:


SH -- NE010 -- 9036 01/13/92 10:57 EST
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Publication:PR Newswire
Date:Jan 13, 1992
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