CITYFED FINANCIAL <CTYF.O> ENDS STOCK ISSUE
CityFed Financial Corp said it
would stop issuing common stock to a variety of shareholder and
employee groups.
    The company, which said on Monday it will repurchase up to
one mln shares of common in the open market, said it will no
longer issue common stock for its dividend reinvestment and
stock purchase plan, or for the employee thrift and profit
sharing plan of its City Federal Savings Bank unit.
    It also said it would no longer grant a five pct market
discount on shares purchased by reinvested dividends under the
dividend reinvestment and stock puurchase plan.
 Reuter
