Gainsco Reports Amex Listing
Gainsco Inc., a Dallas-based property and casualty insurance holding company specializing in nonstandard personal automobile insurance, announced it has been approved for listing on the American Stock Exchange (Amex).
Gainsco’s common stock is expected to begin trading on the Amex under the ticker symbol “GAN” on July 25, 2005.
“We are pleased to announce the listing of our common stock on the American Stock Exchange. This is an important step in the company’s ongoing development and growth,” said Glenn W. Anderson, president and chief executive officer. “We expect this listing on a nationally recognized exchange to enhance the visibility of our Company within the investing public, as well as increase the liquidity of our common shares for our shareholders.”
Gainsco’s Amex specialist will be HBH Specialists LLC. The approval of the listing of Gainsco’s common stock on the Amex is contingent upon Gainsco being in compliance with all applicable listing standards on the date it begins trading on the Amex, and may be rescinded if the company is not in compliance with such standards.
The company’s nonstandard personal automobile insurance products are distributed through retail agents in Florida, Texas, Arizona, Nevada and California. Its insurance company subsidiaries are General Agents Insurance Company of America Inc. and MGA Insurance Company Inc.