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DRY Coinmach Service Corp

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Share Name Share Symbol Market Type
Coinmach Service Corp AMEX:DRY AMEX Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

American Stock Exchange Lists Income Deposit Securities of Coinmach Service Corp.

19/11/2004 10:24pm

PR Newswire (US)


Coinmach (AMEX:DRY)
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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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