Piper Jaffray Companies Announces Extension of Odd Lot Program
November 08 2004 - 7:01AM
PR Newswire (US)
Piper Jaffray Companies Announces Extension of Odd Lot Program
MINNEAPOLIS, Nov. 8 /PRNewswire-FirstCall/ -- Piper Jaffray
Companies (NYSE:PJC) announced that its voluntary odd lot
sale/purchase program will be extended through Dec. 10, 2004. The
program gives shareholders with fewer than 50 shares an easy and
economical way to sell all of their holdings or purchase additional
shares to reach 50. The company originally announced the program in
a letter dated Oct. 4, 2004 to shareholders with fewer than 50
shares. Shareholders who choose to participate in this voluntary
odd lot program will receive or pay a price per share for the sale
or purchase of their shares equal to a weekly weighted average
price, as described in the program materials. Participants will pay
a processing fee of $3 per share, up to a maximum of $35. For
information on the program, interested Piper Jaffray shareholders
may visit http://www.oddlotprogram.com/piper , call 1-888-288-4137,
or contact their financial advisor. Shares held in any employee
benefit plan sponsored by Piper Jaffray Companies or U.S. Bancorp
are excluded from this program. About Piper Jaffray Companies Piper
Jaffray Companies (NYSE:PJC) is a focused securities firm dedicated
to delivering superior financial advice, investment products and
transaction execution within selected sectors of the financial
services marketplace. The company operates through two primary
revenue-generating segments: Capital Markets and Private Client
Services. Investment Research, an independent group reporting to
the CEO, supports clients of both segments. Through its chief
operating subsidiary, Piper Jaffray & Co., the firm has served
corporations, government and non-profit entities, institutional
investors and the financial advisory needs of private individuals
since 1895. Headquartered in Minneapolis, Piper Jaffray has
approximately 3,000 employees in 111 offices in 23 states across
the country and in London. For more information about Piper
Jaffray, visit us online at http://www.piperjaffray.com/ . Since
1895. Member SIPC and NYSE. DATASOURCE: Piper Jaffray Companies
CONTACT: Jennifer A. Olson-Goude, Investor Relations,
+1-612-303-6277, or Dana H. Wade, Public Affairs and Media
Relations, +1-415-277-1556, both of Piper Jaffray Companies Web
site: http://www.piperjaffray.com/
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