Dolan preferreds to move to over-the-counter market on Wednesday

By Marisa Wong

Madison, Wis., Jan. 28 - Dolan Co. announced that its preferred stock will be suspended from trading on the New York Stock Exchange before it opens on Wednesday and will begin trading on the over-the-counter market instead.

The preferreds will trade on the OTC market under the symbol "DOLNP."

Dolan's common stock will also move from the NYSE to the OTC market and will trade under the symbol "DOLN."

NYSE Regulation, Inc. decided to delist Dolan's common and preferred stock, because the average closing price of the common stock reported on the consolidated tape had fallen below $1.00 per share over a consecutive 30-trading-day period, according to a news release.

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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