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McDONALD & CO. TO REDEEM 8 PERCENT CONVERTIBLE SUBORDINATED DEBENTURES

 CLEVELAND, Sept. 17 /PRNewswire/ -- McDonald & Co. Investments, Inc. (NYSE: MDD) today announced that it will redeem all of its 8 percent Convertible Subordinated Debentures due March 1, 2011, on Oct. 29, 1993, at a price of 102.4 percent of the principal amount, plus accrued interest to the Redemption Date. The principal amount of Debentures currently outstanding is $12,205,000. The company's Paying Agent is National City Bank, 1900 E. Ninth St., Cleveland, Ohio 44114.
 The Debentures are convertible into shares of the company's Common Stock at a rate of 82.759 shares of Common Stock for each $1,000 principal amount of Debentures (equivalent to a conversion price of $12.08 per share). The Debentures may be converted at any time prior to the close of business on Oct. 29, 1993, by delivery of the certificates for the Debentures to Mellon Securities Trust Company, 120 Broadway, 33rd Floor, New York, N.Y. 10271, or to National City Bank, 1900 E. Ninth St., Cleveland, Ohio 44114.
 McDonald & Company Investments, Inc., through its principal subsidiary, McDonald & Company Securities, Inc., operates a regional investment banking, brokerage and investment advisory business with a total of 34 offices in nine states, including 28 in Ohio, Michigan, Indiana and Pennsylvania, as well as offices in Atlanta, Boston, Chicago, Dallas and Jersey City, N.J.
 -0- 9/17/93
 /CONTACT: Richard Clark of McDonald & Co. Investments, 800-553-2240 or 216-443-2614/
 (MDD)


CO: McDonald & Co. Investments, Inc. ST: Ohio IN: FIN SU:

KL -- CL013 -- 3215 09/17/93 16:32 EDT
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Publication:PR Newswire
Date:Sep 17, 1993
Words:254
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