American Stock Exchange Lists Income Deposit Securities of Coinmach Service Corp.
November 19 2004 - 4:24PM
PR Newswire (US)
American Stock Exchange Lists Income Deposit Securities of Coinmach
Service Corp. NEW YORK, Nov. 19 /PRNewswire-FirstCall/ -- The
American Stock Exchange(R) (Amex(R)) today listed Income Deposit
Securities (IDSs) of Coinmach Service Corp. under the ticker symbol
DRY. IDSs, and the related Equity Income Securities (EIS), belong
to a class of securities called Equity Income Hybrid Securities
(EIHS). EIHSs are yield-oriented securities that represent shares
of an individual company's common stock and debt paired together
into a single unit for trading purposes. Coinmach Service Corp. is
a leading provider of outsourced laundry equipment services for
multi-family housing properties in North America. "We are very
pleased to have Coinmach Service Corporation launch its public
offering on the Amex and join us as an Equity Income Hybrid
Security (EIHS) issuer," John McGonegal, senior vice president,
Amex Equities Group, said. "As with our other equity issuers, we
look forward to providing Coinmach Service with a high level of
service along with the enhanced stability and price protection
inherent to our auction-based, specialist-led market." "We are
pleased to have our IDS shares listed on the American Stock
Exchange," Coinmach Chairman and CEO Stephen R. Kerrigan, said.
"With our IDSs on the Amex, Coinmach and its investors will benefit
from Amex's commitment to innovation and service for its issuers."
IDSs and EISs are only listed on the Amex, which is committed to
continuing as the market of choice for future Equity Income Hybrid
Securities. DRY is the third EIHS listed on the Amex. The
specialist for Coinmach Service Corp. is Kellogg Capital Group,
LLC. For further information on DRY and other Amex-listed
companies, please visit http://www.amex.com/. The American Stock
Exchange(R) (Amex(R)) is the only primary exchange that offers
trading across a full range of equities, options and exchange
traded funds (ETFs), including structured products and HOLDRS(SM).
In addition to its role as a national equities market, the Amex is
the pioneer of the ETF, responsible for bringing the first domestic
product to market in 1993. Leading the industry in ETF listings,
the Amex lists 143 ETFs. The Amex is also one of the largest
options exchanges in the U.S., trading options on broad-based and
sector indexes as well as domestic and foreign stocks. For more
information, please visit http://www.amex.com/. DATASOURCE:
American Stock Exchange CONTACT: Dan Charnas of American Stock
Exchange, +1-212-306-1654, or Web site: http://www.amex.com/
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