SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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 11, 1998
FAHNESTOCK VINER HOLDINGS INC.
(Exact Name of Registrant as Specified in Charter)
Ontario, Canada 1-12043 98-0080034
(State or Other
Jurisdiction
of Incorporation) (Commission File Number) (IRS Employer
Identification No.)
P.O. Box 2015, Suite 1110
20 Eglinton Avenue West
Toronto, Ontario, Canada M4R 1K8
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number,including area code: (416) 322-1515
Former Name or Former Address, if Changed Since Last Report: Not applicable
Item 5. Other Events
On December 11, 1998, the Registrant issued a Press Release
which is attached hereto as Exhibit 99.
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.
FAHNESTOCK VINER HOLDINGS INC.
BY: /s/ E.K. Roberts
E.K. Roberts,
President and Treasurer
December 11, 1998
EXHIBIT 99
PRESS RELEASE - DECEMBER 11, 1998
NYSE SYMBOL - FVH
TSE SYMBOL - FHV.A
Fahnestock Viner Holdings Inc. reports that it has incurred an
estimated after tax loss of U.S. $8,267,000 (U.S. $0.66 per share)
for October and November, the first two months of the fourth
quarter of 1998. The estimated loss results from equity trading
losses in October and November. The Company previously
reported unaudited earnings for the nine months ended September
30, 1998 of U.S. $20,827,000 or U.S. $1.65 per share. Despite the
recent losses, the Company expects to remain profitable for the
year as a whole.
The Company stated that extreme volatility in equity markets
has contributed to unprecedented trading losses and that it has
taken steps to limit future exposure. Other areas of the business,
including retail commission, investment advisory services and
corporate finance performed well during the period.
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FOR FURTHER INFORMATION:
A.G. LOWENTHAL - (212) 668-8000 or
E.K. ROBERTS - (416) 322-1515
