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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 16 1999
KINNARD INVESTMENTS, INC.
(Exact name of registrant as specified in its charter)
MINNESOTA 0-9377 41-0972952
(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File No.) Identification No.)
920 Second Avenue South
Minneapolis, Minnesota 55402
(Address of principal executive offices)
(612) 370-2700
(Registrant's telephone number, including area code)
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Items 1-4. Not Applicable.
Item 5. OTHER EVENTS.
Information contained in a Press Release dated December 16, 1999 is
incorporated herein by reference to Exhibit 99.1 attached hereto.
Item 6. Not Applicable.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a)-(b) Not Applicable.
(c) Exhibits
99.1 Press Release, dated December 16, 1999
Item 8. Not Applicable
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
KINNARD INVESTMENTS, INC.
Dated: December 20, 1999 By: /s/ William F. Farley
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William F. Farley
Chairman and Chief Executive Officer
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EXHIBIT INDEX
EXHIBIT DESCRIPTION METHOD OF FILING
99.1 Press Release, dated December 16, 1999 Electronic Transmission
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EXHIBIT 99.1
KINNARD ANNOUNCES $4 MILLION GAIN FROM EXERCISE OF
ANCOR COMMUNICATIONS STOCK WARRANTS
MINNEAPOLIS (DECEMBER 16, 1999) -- Kinnard Investments, Inc.
(NASDAQ:KINN) today announced that it will recognize a pre-tax investment gain
of $4 million in fourth quarter from its exercise of warrants on the common
stock of Ancor Communications, Inc. The $4 million gain is after expenses
associated with the exercise.
Investment banking firms, such as Kinnard, often receive warrants as
part of the package for their investment banking services. The gain is
associated with stock warrants Kinnard received when it served as investment
banker on two offerings for Ancor Communications in 1995.
Ancor Communications is a Minnesota-based company that provides fiber
channel switching solutions for storage area networks.
Kinnard Investments, Inc is a Minneapolis-based financial services
holding company engaged in securities brokerage, trading, investment banking,
fixed income products, asset management and related financial services.
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