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KINNARD INVESTMENTS EFFECTS OFFERING

 MINNEAPOLIS, Jan. 19 /PRNewswire/ -- Kinnard Investments, Inc. (NASDAQ: KINN), parent of John G. Kinnard & Co., of Minneapolis, and PrimeVest Financial Services, of St. Cloud, Minn., announced today that the Securities and Exchange Commission declared effective its registered sale of 1,500,000 shares of common stock at $4.50 per share, and that the underwriters have completed the distribution of the securities.
 Robert R. Martin, chairman of Kinnard Investments, Inc. said, "Proceeds of the offering will be used for expansion of operations, by increasing personnel and inventory levels, working capital, and possible acquisitions."
 The underwriting syndicate was managed by Kemper Securities, John G. Kinnard and Company, and D.A. Davidson Co.
 -0- 1/19/93
 /CONTACT: Robert R. Martin, chairman of Kinnard Investments, 612-370-2882/
 (KINN)


CO: Kinnard Investments, Inc. ST: Minnesota IN: FIN SU: OFR

AL -- MN008 -- 6340 01/19/93 12:15 EST
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Publication:PR Newswire
Date:Jan 19, 1993
Words:144
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