Dolan's 8.5% series B cumulative preferreds now listed on NYSE

By Tali David

Minneapolis, Feb. 5 - The Dolan Co.'s 8.5% series B cumulative preferred stock have been admitted to trading on the New York Stock Exchange, according to a notice.

The preferreds trade under the symbol "DM PR B."

The company sold $17.5 million of the preferreds on Jan. 24 at $23.00 each.

MLV & Co. LLC is the bookrunner.

Proceeds will be used to pay down a credit facility.

Dolan is a Minneapolis-based provider of professional services and business information to legal, financial and real estate sectors in the United States.

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