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McCORMICK CAPITAL ANNOUNCES NOTE REPURCHASE PROGRAM

 McCORMICK CAPITAL ANNOUNCES NOTE REPURCHASE PROGRAM
 CHICAGO, June 3 /PRNewswire/ -- McCormick Capital, Inc. announced


today that it will begin submitting to its noteholders an offer to repurchase its 12 percent Convertible Subordinated Notes, due May 1, 1996.
 Under the offer, each noteholder may propose to sell his notes at a price not to exceed 80 ($800 per note). McCormick will accept the lowest offers first and will continue accepting offers not to exceed 80 ($800 per note) until the earlier of such time as it has accepted notes in the aggregate principal amount of $2,500,000 or such time as the offer expires by its terms. The offer is expected to begin on or about June 15, 1992.
 McCormick Capital, Inc. is engaged in various aspects of the commodity futures and securities industry including futures brokerage and organization and management of futures investment limited partnerships. McCormick may, in the future, diversify into other lines of business, and for quotations on McCormick Capital, Inc. shares, the "Pink Sheets" may be consulted.
 -0- 6/2/92
 /CONTACT: Donna Fletcher or Jack Kenner, 312-814-8000, for McCormick Capital, Inc./ CO: McCormick Capital, Inc. ST: Illinois IN: FIN SU:


PS -- NY072 -- 6736 06/03/92 16:36 EDT
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Publication:PR Newswire
Date:Jun 3, 1992
Words:204
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