The New York Stock Exchange announced today that MicroFinancial Incorporated (the “Company”) – ticker symbol MFI – intends to move the listing of its common stock to the American Stock Exchange on Tuesday, January 17, 2006. The Company does not presently meet the NYSE’s market capitalization and stockholders’ equity continued listing criteria and was operating under an NYSE plan. The Company recently informed the NYSE that it does not wish to proceed with quarterly monitoring as required under the NYSE plan process. The NYSE will make the appropriate filings with the Securities and Exchange Commission pending the completion of its applicable procedures, as the Company will not challenge this determination.
The NYSE noted that it may, at any time, suspend a security if it believes that continued dealings in the security on the NYSE are not advisable.
