Printer Friendly

FINANCIAL FEDERAL CORPORATION LISTS ON THE AMERICAN STOCK EXCHANGE; COMPANY PREVIOUSLY TRADED ON NASDAQ'S NATIONAL MARKET SYSTEM

 NEW YORK, June 3 /PRNewswire/ -- Financial Federal Corporation today commenced trading on the American Stock Exchange. The company's common stock, trading under the ticker symbol FIF, opened at 11:30 a.m. at 14- 1/2 on 100 shares. Cranmer and Cranmer, Inc./Cohen, Cohn, Duffy & McGowan, Inc. was chosen as Financial Federal Corporation's specialist firm. The company previously traded over-the-counter on NASDAQ's National Market System.
 Bernard G. Palitz, chairman of Financial Federal commented "We are most pleased to have our common stock listed on the American Stock Exchange and believe that this listing will be beneficial to both the company and its shareholders and will provide a better market and improved liquidity."
 Financial Federal Corporation has reported increased earnings each year since its inception in 1989. For its most recent fiscal year ended July 31, 1992, the company reported net earnings of $3,760,000 and, for the six months ended Jan. 31, 1993, reported net earnings of $2,358,000. At Jan. 31, 1993, the company had net installment receivables outstanding of $183 million.
 Financial Federal Corporation is an independent financial services company specializing in installment financing and full-payout leasing of cranes, earth moving equipment, trucks, waste management equipment, machine tools and other income-producing and labor-saving equipment, as well as providing loans secured by equipment. The company provides financing primarily to middle-market companies engaged in road and infrastructure construction and repair, trucking, equipment rental, manufacturing and waste management. Financial Federal is headquartered in New York City and presently maintains five full service and eleven sales offices in the Mid-Atlantic, Midwestern, Rocky Mountain, Southwestern and Southern regions of the United States.
 The American Stock Exchange is committed to becoming the recognized, premier marketplace for growth companies and derivative securities. By responding to listed company needs and initiating quality services, the AMEX finds innovative ways to add value to the expanding community of companies and investors it serves.
 -0- 6/3/93
 /CONTACT: Melissa Grand, manager, equities communications of AMEX, 212-306-1635/
 (FIF)


CO: Financial Federal Corporation ST: New York IN: FIN SU:

WB -- NY060 -- 4980 06/03/93 12:20 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 3, 1993
Words:351
Previous Article:NATIONAL INSTITUTE ON AGING UNIT ANNOUNCES CLINICAL TRIAL FOR TREATMENT OF ALZHEIMER'S DISEASE
Next Article:CAPITAL AUTO RECEIVABLES TRUST 1993-2 NOTES 'AAA/F-1+' BY FITCH -- FITCH FINANCIAL WIRE --
Topics:


Related Articles
CAROLINA FINANCIAL OF CHARLESTON, S.C., LISTS ON THE AMERICAN STOCK EXCHANGE
IRWIN FINANCIAL CORPORATION ANNOUNCES NASDAQ NATIONAL MARKET SYSTEM LISTING
FIRST AMERICAN TO SELL $50 MILLION OF SUBORDINATED DEBT SECURITIES
CVD FINANCIAL CORPORATION GOES PUBLIC ON THE AMERICAN STOCK EXCHANGE
AMEX BEGINS TRADING PARK NATIONAL CORPORATION
New Preferred Stock Approved for Listing on NASDAQ National Markets
First American Corporation to Trade on the New York Stock Exchange
Olympic Cascade Financial Corporation Lists on The Chicago Stock Exchange
American Stock Exchange Lists Common Stock of Federal Trust Corporation.
Amex to Trade Options on Four Securities.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters