KINNARD INVESTMENTS POSTPONES OFFERING
KINNARD INVESTMENTS POSTPONES OFFERING MINNEAPOLIS, June 18 /PRNewswire/ -- Kinnard Investments, Inc.
(NASDAQ: KINN), announced it is postponing the 1,500,000 share offering of its common stock due to market conditions.
Robert R. Martin, chairman and chief executive officer of Kinnard Investments said, "The stock market in general and for our stock in particular has weakened considerably in the second quarter. We intend to reoffer our shares after the securities markets improve." In conjunction with this weakened market, Kinnard anticipates its 1992 second quarter earnings will be substantially lower than the record first quarter, as well as the second quarter of 1991. -0- 6/18/92 /CONTACT: Robert R. Martin of Kinnard Investments, 612-370-2882/ (KINN) CO: Kinnard Investments, Inc. ST: Minnesota IN: FIN SU: OFR
AL -- MN008 -- 1611 06/18/92 15:45 EDT
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|Date:||Jun 18, 1992|
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