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Article: Horizon Bancorp to list new preferred stock on New York Stock Exchange.
- Article from:
- PR Newswire
- Article date:
- January 30, 1984
CopyrightCOPYRIGHT 1984 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MORRISTOWN, N.J., Jan. 30 /PRNewswire/ -- William J. Shepherd, president and chief executive officer of Horizon Bancorp (NYSE:HZB), today announced Horizon Bancorp's plans to list its new adjustable rate preferred stock (now traded OTC with the symbol HZONP) on the New York Stock Exchange and to apply to Standard & Poor's Corporation for a rating of the preferred issue.
He said, "Listing our adjustable rate preferred stock should improve its marketability and visibility. It will also be eligible for securities margin accounts. In addition, Standard & Poor's rating should make it eligible for purchase by many more buyers. Many corporations and ...