NYSE Suspending Trading in Fremont

NYSE Regulation Inc., the regulatory arm of the New York Stock Exchange, has announced that it will suspend trading in the common stock of Fremont General Corp., Brea, Calif., before the start of trading on April 17. At the same time, trading is also being suspended in Fremont General Financing I's trust preferred securities. Fremont's common stock had fallen below the NYSE's continued-listing standard with an average closing price of less than $1 over a period of 30 consecutive trading days. NYSE Regulation also considered the "abnormally low" price of Fremont's common stock, which closed at $0.45 on April 11, with a resultant common market capitalization of $35.8 million. Fremont said the common stock and trust preferred securities would trade on the pink sheets starting April 17. The delisting news came one day after Fremont entered into a deal to sell the assets of Fremont Investment & Loan to CapitalSource Inc., Chevy Chase, Md. In late morning trading on April 15, Fremont's stock stood at $0.32 per share, down $0.22 on the day. Fremont can be found online at http://www.fremontgeneral.com.