CHICAGO, Nov. 16 /PRNewswire/ -- EVEREN Capital Corporation (NYSE: EVR)
today announced that its Board of Directors has authorized the repurchase of
up to 1.0 million shares of its common stock in open market or private
transactions subject to market conditions. Shares repurchased will be used to
fund option grants and other equity opportunity programs. EVEREN Capital has
approximately 34.8 million shares outstanding.
EVEREN Capital Corporation (NYSE: EVR) is the fifth largest publicly
traded majority employee-owned company in the United States. Its principal
operating subsidiary, EVEREN Securities, Inc., ranks among the 10 largest
national full-service brokerage firms in the industry and serves individual,
corporate, municipal and institutional clients through an integrated network
of approximately 1,730 investment consultants in 170 offices. The company
combines the capital markets resources of a large national organization with
the personalized service and dedication of a smaller firm. Currently, EVEREN
holds approximately $57 billion of client assets in more than 615,000 active
client accounts. EVEREN Securities, Inc., is a member of the Securities
Investor Protection Corporation, the New York Stock Exchange and other
principal exchanges. For more information, visit the company's web site at
http://www.everensec.com.
SOURCE EVEREN Capital Corporation
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Related links:
http://www.everensec.com
Company News On-Call:
http://www.prnewswire.com/comp/121760.html or fax,
800-758-5804, ext. 121760
CONTACT:
Media, Wilson Medina, 312-574-5152, or Liz
Cassanos, 312-574-5273, or Investors, Caron L. Schreiber,
312-574-5724, all of EVEREN Capital Corporation
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